The volume of Russia's international reserves increased by $1.7 billion from July 15 to 22. This is stated in a message distributed by the Bank of Russia.

According to the financial regulator, by July 15, the volume of international reserves amounted to $565.3 billion, but by July 22 it had grown to $567 billion.

It should be noted that a similar volume of Russia's international reserves was recorded on July 24, 2020 ($582.7 billion).

Recall that international reserves are highly liquid assets under the control of state monetary authorities. They consist of monetary gold and funds in foreign currency, special drawing rights, and a reserve position in the IMF.

These include cash from other countries; balances on correspondent accounts; deposits with an initial maturity of up to 1 year inclusive; debt securities issued by non-residents with a rating of debt securities issues not lower than "AA-".

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Author: Alexander Baigazin

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