Of August 1, Amount of Reserve Fund was USD 72.93 billion
OREANDA-NEWS. As of August 1, 2015, the aggregate amount of the Reserve Fund was 4 302.18 billion rubles which is equivalent to 72.93 billion US dollars. The amounts of balances in separate accounts to record funds of the Reserve Fund were:
* 34.11 billion US dollars
* 28.27 billion euros;
* 5.02 billion pounds sterlings.
The aggregate calculated income from placing funds of the Reserve Fund in foreign currency accounts of the Bank of Russia recalculated in dollars for a period from January 15 to July 31, 2015 was 0.07 billion US dollars, which is equivalent to 4.00 billion rubles. The exchange rate difference from recalculating balances of funds in the said accounts for a period from January 1 to July 31, 2015 was 56.69 billion rubles.
In July of 2015, in accordance with Federal Law dated December 1, 2014 № 384-FZ "On the Federal Budget for 2015 and a planning period for 2016 and 2017 and Order of the Russian Finance Ministry dated July 17, 2015 № 216 "On Using Financial Resources in Foreign Currency of the Reserve Fund to Finance the Federal Budget Deficit in 2015", a part of the Fund's financial resources, namely, 3.16 billion US dollars and 0.22 billion pounds sterlings were sold for 200 billion rubles and the funds received were transferred to the single account of the federal budget to finance its deficit.
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