Russia's international reserves hit a record high of $623.2 billion

The volume of the Russian Federation's international reserves has increased by $1.6 billion to $623.2 billion from October 22 to October 29, having reached a historical maximum. According to the website of the Central Bank, the growth is mainly due to the purchase of foreign currency within the framework of the budget rule. Previously, Russia's international gold and foreign currency reserves renewed their all-time highs on September 3 ($620.8bn) and October 22 ($621.6bn). The last time, according to the Central Bank, it was due not only to the implementation of the budget rule, but also to the distribution of special drawing rights by the International Monetary Fund.