Russia’s international reserves rose by 7.8% to $ 537.618 billion for 2012god

Russia’s international reserves as of January 1 of the current year amounted to $ 537.618 billion, according to the Bank of Russia. On 1 January 2012 the reserves stood at $ 498.649 billion

Thus, the year Russia‘s international reserves increased by $ 38.969 billion, which implies an increase of 7.8%. The indicator for December rose 1.8%, or $ 9.382 billion

International reserves are financial assets held by the Bank of Russia and the government.

International reserves consist of assets denominated in foreign currency, monetary gold, special drawing rights (SDR, special drawing rights, a unit of account used by the International Monetary Fund, IMF), reserve position in the IMF and other assets.

Part of the Reserve Fund and National Welfare Fund, denominated in foreign currency and placed with the Bank of Russia, also part of the international reserves.

Record value of Russia’s international reserves reached in early August 2008 — $ 598 billion in the crisis level of reserves declined to $ 376 billion (in March 2009).

At the same time the share of the international reserves of foreign exchange reserves for the year decreased by 0.53% to 90.51%, which implies a rate of $ 486.578 billion share of foreign currency in foreign exchange reserves amounted to 88%. A year earlier the index stood at 88.47%. The share of SDRs fell by 0.12% to 1.63%, and the reserve position in the IMF fell by 0.06% to 0.88%.

The share of monetary gold rose by 0.53% to 9.49%.

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