Russia's international reserves declined by $97.6 billion in January-October, the Central Bank of Russia said on Wednesday.
Russia's Central Bank earlier reported that its international reserves stood at $484.6 billion as of November 1.
Sergei Ignatyev, chairman of the Central Bank of Russia, told a parliament hearing that the country's international reserves declined due to the sale of foreign currency ($57.5 billion), foreign currency revaluation ($30.1 billion) and foreign currency placements with state-run national development bank Vnesheconombank and other banks ($14 billion).
Ignatyev said foreign currency in the country's international reserves included U.S. dollars (45%), euros (44%), British pounds (10%) and the Japanese yen (slightly over 1%) as of November 1. |
