For the first time in history, Russia’s reserves touch $ 600 billion

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Economy

Al Ain News
Russia’s foreign reserves of gold and foreign exchange rose within one month by about 23 billion dollars, which is the highest in 12 years.

According to the data of the Russian Central Bank, the country’s foreign reserves amounted to 591.753 billion dollars on August 1, compared to 568.872 billion dollars on 1 July, amid expectations that the reserves in August will reach a historical level and exceed a previous record level reached in 2008.

He pointed out that Russian foreign reserves rose within one week from July 24-31, 2020, by $ 9.1 billion.

Analysts and experts expect that by the end of August, Russia’s foreign exchange and gold reserves will reach $ 600 billion, making it the highest in history.

On the other hand, the exchange rate of the US dollar against the Russian ruble on the Moscow Stock Exchange rose slightly today, and reached at 14:30 Moscow time, 73.78 rubles, an increase of 5 kopeks, compared to the previous trading session, while the exchange rate of the single currency (euro) decreased. In 18 kopeks for up to 86.67 rubles. (Ruble = 100 kopeks).

The Moscow Stock Exchange index of ruble-denominated stocks “MICEX” rose 0.35% to 2,982 points, and the “RTS” index of dollar-denominated stocks rose 0.24% to 1,274 points.

The rise of the Moscow Stock Exchange coincided with the rise in the prices of black gold in the markets, and “Brent” mixture was traded in the range of $ 45 per barrel.





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