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Russia's international reserves totaled $740 billion as of August 7, according to the Bank of Russia.
As of July 31, international reserves stood at $720.3 billion. Thus, over the week they increased by $19.7 billion.
International reserves are highly liquid financial assets at the disposal of the Bank of Russia and the Russian government. They consist of foreign currency assets, monetary gold, Special Drawing Rights (SDRs, a reserve asset used by the International Monetary Fund, IMF), the reserve position in the IMF, and other reserve assets.
THE WHOLE PICTURE
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The essentials in one minute
BeforeJuly 31
Russia's international reserves stood at $720.3 billion
Now
Russia's international reserves rose to $740 billion as of August 7, increasing by $19.7 billion over the week.
Next
Further dynamics of reserves are expected depending on the external economic environment and the regulator's actions.
Who is behind this story
IN
Finance
International Monetary Fund
The international body responsible for global financial stability.
