The sufficiency of the foreign exchange reserves of Russia has increased

24 July 2017, 14:21 | Russia
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From the data of the Bank of Russia it follows that for the first quarter of 2017 the adequacy of the country's international reserves has increased by all indicators, most significantly (from 134 to 151 percent) - by the ratio to the forthcoming payment in the next 12 months for external debt (Gvidotti criterion), informs "Russian newspaper".

It is noted that Russia is among the top ten countries with the largest international reserves. From January 1 to April 1, 2017, their volume increased from 377.7 to 397.9 billion dollars. These funds would be enough to pay 69.6 percent of a three-month import.



They also with more than twofold margin cover the possible outflow of funds when the circumstances of the "perfect storm".

Recall, in 2015, the Bank of Russia set a goal to restore the amount of foreign exchange reserves to 500 billion dollars. Reserves exceeded this threshold in 2012-2013, against the background of high oil prices. Last year, the Bank of Russia began buying currency for this purpose, but was forced to terminate them due to the weakening of the ruble. At the moment the volume of reserves exceeds $ 412 billion.




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