Russia's international reserves decreased by 1.8% in October to $390bn

Russia's international reserves decreased by 1.8% in October to $390bn
GIR down to $390 in October 2016
By bne IntelliNews November 10, 2016

The volume of Russia’s gross international reserves (gold and currency) fell by $7.002bn to $390.741bn in October 2016, or 1.8%, from $397.743bn a month earlier, according to the Central Bank of Russia (CBR).

In January-October 2016, the reserves increased by $22.342bn, or 6.1%, from $368.399bn as of January 1.

The value of the gold reserves fell by $1.081bn, or 1.7%, to $64.431bn, while its share remained at a record level of 16.5% in reserves in October.

The volume of foreign currency liquidity held by resident banks at the CBR in October decreased by $0.702bn to $9.202bn in January-October 2016.

 

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