The amount of international reserves decreased primarily as a result of negative exchange rate and market revaluation, the message of Bank of Russia.
MOSCOW, 24 Dec. International reserves of the Russian Federation as of 18 December amounted 368,9 billion dollars against 371,2 billion dollars on 11 December, said the Bank of Russia.
“The value of international reserves for the week from 11 to 18 December fell by $ 2.3 billion, or 0.6%, mainly as a result of negative exchange rate and market revaluation”, — stated in the message of the Central Bank.
International reserves representing highly liquid foreign assets available to the Bank of Russia and the government of the Russian Federation, consist of means in foreign currency, special drawing rights (SDRs), reserve position in IMF and monetary gold.
By the end of 2014 the international reserves of the Russian Federation has decreased in 1,3 times — to 385,46 billion.