OREANDA-NEWS. As of November 1, 2019, Russia's international reserves amounted to $ 542.9 billion, which is $ 3 billion (0.6%) higher than the level a week earlier, the Bank of Russia said. The growth of reserves, according to the regulator, occurred mainly as a result of a positive revaluation and purchase of foreign currency under the budget rule.

The international reserves of the Russian Federation, 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, a reserve position in the IMF and monetary gold. The target level of the Central Bank for international reserves is $ 500 billion.

In addition, the Bank of Russia fixes the growth of settlements in euros for the export of Russian products. Since 2013, the share of such settlements has grown by more than 8 percentage points. This was announced by the head of the regulator Elvira Nabiullina at a meeting with the Association of European Businesses (AEB).