Russia keeps piling up forex reserves

26.12.2022

Russia’s foreign currency reserves have surpassed $580 billion, the Bank of Russia announced on Thursday.

According to the regulator, holdings rose by $5.2 billion or 0.9% in the week to December 16, to reach $581.7 billion. The increase was attributed to a positive market revaluation.

Roughly half of Russia’s foreign currency reserves...