Russia’s gold & foreign currency reserves surge by $1 BILLION in one week

After three consecutive

After three consecutive weeks of growth, Russian forex holdings have reached a total of $591.8 billion, according to the latest data released by the country’s central bank.

The international funds increased by $1 billion in just one week from August 21 to August 28. According to the regulator, growth was driven by a “positive revaluation” that was partly alleviated by foreign currency sales on the domestic market.

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