Russia’s international reserves grow by $5 bln to $358.5 bln over week — regulator

MOSCOW, May 7. /TASS/. Russia’s international reserves mostly comprising gold and foreign currency grew by $5 billion in the week of April 24 - May 1 to $358.5 billion, the Central Bank said on Thursday.

In the previous week, Russia’s international reserves grew by $3 billion to $353.5 billion.

Russia’s international reserves are highly liquid foreign assets managed by the Central Bank of Russia. They comprise foreign currency, Special Drawing Rights (SDRs), a reserve position in the International Monetary Fund and monetary gold.

Russia’s international reserves fell by $124.135 billion or 24.4% in 2014 to $385.46 billion as of January 1, 2015.

During the crisis of 2008-2009, the country’s international reserves were seen to plummet to as low as $376 billion (mid-March 2009).