6 Sep 2019 17:46

Russia's international reserves grew $9.3 bln in Aug to $529.1 bln - CBR

MOSCOW. Sept 6 (Interfax) - Russia's international reserves increased $9.286 billion in August to $529.083 billion from $519.797 billion, according to Central Bank data.

The reserves grew $60.588 billion or 12.9% in January-August, from $468.495 billion on January 1.

The CBR said in its baseline economic forecast on September 6 that it had lowered the expected change in reserves for the end of 2019 to $60 billion from $66 billion.

The reserves on September 1 were at their highest level since May 1, 2013, when they amounted to $533.218 billion.

Monetary gold in the reserves increased by $7.554 billion or 7.4% in August, to $109.477 billion, with its share in reserves increasing from 19.6% to 20.7%.