OREANDA-NEWS. According to data as of May 15, 2020, Russia's international reserves increased by 0.1% (or $ 0.5 billion) compared to the figure for May 8 and amounted to $ 562.9 billion. This is stated in the materials of the Bank of Russia.

The Central Bank noted that the increase occurred "as a result of rising gold prices, partially offset by the sale of foreign currency in the domestic foreign exchange market".

International reserves, which are highly liquid foreign assets held by the Bank of Russia and the government of the Russian Federation, consist of funds in foreign currency, special drawing rights (SDR), a reserve position in the IMF and monetary gold. The target level of the Central Bank for international reserves is $ 500 billion.