Russia’s International Reserves Decrease to $592.4 Billion

Russia’s international reserves (MRR) decreased from June 18 to June 25 by $2.7 billion (-0.5%) to $592.4 billion, the Bank of Russia reports.

The volume of MRR decreased due to a decrease in gold prices and a negative exchange rate revaluation of the value of assets included in the MRR.

MRPs are financial assets held by the government and the Bank of Russia.

MRRs consist of assets in foreign currency, monetary gold, special drawing rights (SDR, special drawing rights, currency of account used by the International Monetary Fund, IMF), reserve position in the IMF, and other assets.

In 2014, the volume of MRR decreased by $125 billion – from $510.5 billion as of January 1, 2014, to $385.46 billion as of December 31, 2014.

In 2015, the volume of MRR decreased by 4.5% (by $17.46 billion) – from $385.46 billion as of January 1, 2015, to $368 billion as of January 1, 2016.

The maximum value of МРР reached in May 2021 – $605.9 billion.

During the crisis of 2008-2009. the volume of MRP decreased to $376 billion, in March 2009.