Russia boosts forex reserves despite Covid-19 pandemic, raising them to almost $570 BILLION

Russian gold

Russian gold and foreign currency holdings have increased to a total of $568.3 billion, according to the latest data released by the country’s central bank.

The international funds increased by $500 million, or nearly 0.1 percent, as of June 26, compared to the previous week, and are up around $9 billion since the beginning of the year. The regulator said the holdings rose “as a result of growing gold prices, partially offset by the sale of foreign currency on the domestic foreign exchange market.”

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