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Russia’s international currency reserves grow

Russia’s international currency reserves grow

Moscow, May 29 (Prensa Latina) The Central Bank of Russia reported a 1.2-percent growth in the country's international reserves from May 14 to 21, local media reported.

According to the institution, the volume of highly liquid assets at the disposal of the Government reached 600.9 billion dollars, a historic record, Sputnik news agency said.

The previous highest record was set in August 2020, when Russia’s international reserves reached 607 billion dollars, despite the economic impact caused by the Covid-19 pandemic.

In the following months Russia’s reserves declined, but they started to grow steadily in April 2021.

Another Central Bank report, covering the fourth quarter of 2020 and the first quarter of 2021, showed that the Russia’s current international reserves fully cover its external debt.

President Vladimir Putin assured on Wednesday that the domestic economy is gradually recovering, despite the impact caused by Covid-19.


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