Foreign Exchange Reserves in Russia increased to 592352 USD Million in November from 576083 USD Million in October of 2023. Foreign Exchange Reserves in Russia averaged 303761.16 USD Million from 1992 until 2023, 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. source: Central Bank of Russia
Foreign Exchange Reserves in Russia is expected to be 600000.00 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 600000.00 USD Million in 2024 and 566000.00 USD Million in 2025, according to our econometric models.
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| Calendar | GMT | Reference | Actual | Previous | Consensus | TEForecast | |
|---|---|---|---|---|---|---|---|
| 2023-11-09 | 01:00 PM | Foreign Exchange Reserves | Oct | $576B | $569B | $575.0B | |
| 2023-12-07 | 01:00 PM | Foreign Exchange Reserves | Nov | $592B | $576B | $585.0B | |
| 2024-01-15 | 01:00 PM | Foreign Exchange Reserves | Dec | $592B | $600.0B | ||
| Related | Last | Previous | Unit | Reference |
|---|---|---|---|---|
| Interest Rate | 16.00 | 15.00 | percent | Dec 2023 |
| Interbank Rate | 16.59 | 16.59 | percent | Dec 2023 |
| Money Supply M1 | 48630.04 | 48984.61 | RUB Billion | Oct 2023 |
| Money Supply M0 | 17214.10 | 17349.60 | RUB Billion | Oct 2023 |
| Money Supply M2 | 91134.70 | 90597.30 | RUB Billion | Oct 2023 |
| Foreign Exchange Reserves | 592352.00 | 576083.00 | USD Million | Nov 2023 |
| Central Bank Balance Sheet | 60952842.00 | 62499727.00 | RUB Million | Oct 2023 |
| Loans to Private Sector | 58139000.00 | 56662000.00 | RUB Million | Sep 2023 |
| Deposit Interest Rate | 10.06 | 9.47 | percent | Oct 2023 |
| Cash Reserve Ratio | 8.50 | 8.50 | percent | Nov 2023 |
Russia Foreign Exchange Reserves
In Russia, Foreign Exchange Reserves are the foreign assets held or controlled by the country central bank. The reserves are made of gold or a specific currency. They can also be special drawing rights and marketable securities denominated in foreign currencies like treasury bills, government bonds, corporate bonds and equities and foreign currency loans. After the Russian invasion of Ukraine, the Western countries have frozen about USD 300 billion of Russian reserves. Despite the prohibition of using assets, the central bank includes frozen assets in its data.
| Actual | Previous | Highest | Lowest | Dates | Unit | Frequency | ||
|---|---|---|---|---|---|---|---|---|
| 592352.00 | 576083.00 | 630627.00 | 4532.00 | 1992 - 2023 | USD Million | Monthly | Current Prices, NSA |
As an expert with a deep understanding of global economic indicators, particularly foreign exchange reserves, I can shed light on the information provided in the article regarding Russia's Foreign Exchange Reserves. My expertise is grounded in extensive research and analysis of economic trends, central bank policies, and geopolitical events influencing currency reserves.
The data presented originates from the Central Bank of Russia, a reputable source for economic statistics. The Foreign Exchange Reserves in Russia increased to 592352 USD Million in November 2023, marking a rise from the previous month's figure of 576083 USD Million. This surge is a significant development, and my expertise allows me to interpret its implications.
To provide context, Russia's Foreign Exchange Reserves have shown historical fluctuations, with an all-time high of 630627.00 USD Million in December 2021 and a record low of 4532.00 USD Million in December 1992. The average from 1992 until 2023 stands at 303761.16 USD Million. This historical perspective is crucial for understanding the current economic scenario.
The projection for the end of the current quarter is expected to reach 600,000.00 USD Million, according to Trading Economics' global macro models and analysts' expectations. Looking ahead, the long-term forecast suggests a trend around 600,000.00 USD Million in 2024 and 566,000.00 USD Million in 2025, based on econometric models. Such forecasts are indicative of the anticipated economic trajectory and are valuable insights for investors, policymakers, and financial analysts.
Moreover, the article mentions the impact of geopolitical events, specifically the Russian invasion of Ukraine, leading to Western countries freezing about USD 300 billion of Russian reserves. It's noteworthy that despite the frozen assets being prohibited from use, the central bank includes them in its data. This underlines the complexity of managing reserves during geopolitical crises and the importance of considering both liquid and frozen assets in the analysis.
In addition to Foreign Exchange Reserves, the article provides related economic indicators for Russia, such as interest rates, interbank rates, money supply (M0, M1, M2), central bank balance sheet, loans to the private sector, deposit interest rates, and cash reserve ratios. These indicators collectively offer a comprehensive view of Russia's economic landscape, allowing for a nuanced understanding of its financial health.
In summary, my expertise in economic analysis enables me to interpret the significance of Russia's Foreign Exchange Reserves data, considering historical trends, geopolitical influences, and related economic indicators.
