The may growth of the international reserves of the Russian Federation was miserable

Russia’s International reserves by June 1 of the current year reached $566,134 billion, follows from the materials of the Central Bank of the Russian Federation.

So, last month, the reserves increased by 0.02% — from $566,012 billion on may 1, 2020.

For the first 5 months of this year, they increased by 2.1% from $554,359 billion at 1 January.

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.

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.

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).

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