Foreign exchange reserves held at the Central Bank of Russia rose to $547.2 billion in October of 2022 from the three-year low of $540.7 billion in the prior month. It was the first increase in foreign exchange reserves since December 2021. The rise is consistent with previous reports suggesting that the CBR mulled purchasing yuan and other "friendly" currencies to stem the ruble's strength. The move is also consistent with the central bank's strategy to diversify reserves, as a large portion of its dollar, euro, and pound reserves remain frozen due to sanctions from Western states. source: Central Bank of Russia
Foreign Exchange Reserves in Russia averaged 292745.30 USD Million from 1992 until 2022, reaching an all time high of 630627.00 USD Million in December of 2021 and a record low of 4532.00 USD Million in December of 1992. This page provides - Russia Foreign Exchange Reserves - actual values, historical data, forecast, chart, statistics, economic calendar and news. Russia Foreign Exchange Reserves - data, historical chart, forecasts and calendar of releases - was last updated on December of 2022.
Foreign Exchange Reserves in Russia is expected to be 531000.00 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Russia Foreign Exchange Reserves is projected to trend around 518000.00 USD Million in 2023 and 558000.00 USD Million in 2024, according to our econometric models.