Russia's international reserves had increased considerably

the Volume of international reserves of the Russian Federation increased from 17 to 24 July for $8.7 billion to $582,7 billion, follows from materials of Bank of Russia.

a Week earlier, the reserves fell by $200 million, had grown by $4.4 billion, prior to $1.5 billion.

As explained by the regulator, the reserves increased by “under the influence of positive exchange rate revaluation and price increases in gold.”

Recall that on January 1, 2020, the reserves reached $554,359 billion, adding over the past year of 18.3%, or $85,864 billion, from $468,495 billion on January 1, 2019.

the International reserves are highly liquid foreign assets available to the Bank of Russia and the government of the Russian Federation. They consist of foreign exchange reserves, monetary gold, and drawing rights (SDRs), reserve position in IMF and other reserve assets.

a Historic low on reserves was recorded April 2, 1999 ($10.7 billion), the absolute maximum was achieved on 8 August 2008 ($598.1 billion).