Russia?s gold and foreign currency reserves were $164.3 billion on October 28, up $1.6 billion from $162.7 billion a week earlier, the Central Bank of Russia reported.

In the previous week, from October 14 to 21, the reserves remained unchanged at $162.7 billion. From October 7 to 14, they dropped $200 million, due to smaller acquisitions of hard currency on the domestic market by the Central Bank.

In late August, Russia completed its early debt payments to the Paris Club of creditor nations, and the Central Bank was buying dollars actively on the Russian forex market, bringing the reserves to an all-time high.

Meanwhile, China?s gold and foreign currency reserves increased by $21.4 billion in July, rising by another $20.8 billion in August. In the first half of this year, China?s gold and foreign currency reserves were up $101 billion. With its reserves at $750 billion, China is second only to Japan.


RBCNews
sections: Economics, Region News
areas: Central region