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Russia entered the top five in terms of international reserves

Russia entered the top five in terms of international reserves – RIA Novosti, 10/14/2021

Russia entered the top five in terms of international reserves

Russia is currently one of the five leaders in terms of international reserves, second only to China, Japan, Switzerland and India, according to the report of the Account … RIA Novosti, 10/14/2021

2021-10-14T00: 44

2021-10-14T00: 44

2021-10-14T09: 15

economy

Central Bank of the Russian Federation (Central Bank of the Russian Federation)

Russia

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MOSCOW, October 14 – RIA Novosti. According to data from the Accounts Chamber, reserves have grown by USD 235 billion since the beginning of 2015. … “Only China, Japan, Switzerland and India are ahead,” the joint venture stated. 7.8% at the beginning of 2014 to 23.3% at the end of 2020. “In addition to gold and foreign currency, Russian reserves include special drawing rights – a reserve means of payment issued by the International Monetary Fund. Their amount also increased significantly: from $ 7 billion to $ 24.6 billion, ”the statement says. Chamber noted that the Bank of Russia has achieved the goal of managing reserves, having achieved the optimal combination of their safety, liquidity and profitability. “The Central Bank has created elements for managing foreign exchange reserves, carried out to improve the regulatory and methodological base, created conditions for performing the assigned functions,” they explained. , in particular, proposals were formulated to improve the legal regulation of the management system for individual reserves of Russia.

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economy, central bank of rf (central bank of rf), russia

Russia entered the top five in terms of international reserves