Russia has delivered a new record in terms of international reserves

Russia has set a new record in terms of international reserves, taking the fifth place in the world after China, Japan, Switzerland and India, refers to the report of the Accounts Chamber following the results of checking the management of gold and foreign exchange reserves, which RIA Novosti leads.

“The volume of international reserves of Russia exceeded $ 618.2 billion (as of September 1, 2021). This is a historical record – for the entire existence of the Bank of Russia such indicators did not succeed. Since the beginning of 2015, the values ​​of reserves have increased by 235 billions of US dollars. Currently, Russia ranks fifth in the world in terms of international reserves. Ahead is only China, Japan, Switzerland and India, “the report says.

In the agency noted that in recent years, Russia has significantly increased the share of gold in its international reserves – from 7.8 percent at the beginning of 2014 to 23.3 percent for the results of last year. Also, in addition to gold and foreign currency, Russian reserves include special borrowing rights – a reserve payment agent issued by the International Monetary Fund, the amount of which increased from seven billion dollars to 24.6 billion.

According to the Central Bank, Russian International reserves on October 1 were $ 614,122 billion.

previously became known that the general public debt of all countries of the world reached 88 trillion dollars. This indicator is almost 100 percent of global GDP, calculated in the International Monetary Fund (IMF).

/Media reports.