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Russia's foreign reserves down

Xinhua, April 1, 2016 Adjust font size:

Russia's foreign reserves for the March 18-25 week shrank by 3.4 billion U.S. dollars to a total of 383.5 billion dollars, the Central Bank of the Russian Federation said on Thursday.

The international reserves are highly liquid external assets which are readily available to the Russian government and its central bank, it said.

Russia's foreign reserves include securities, foreign exchange, the Special Draing Rights of the International Monetary Fund, monetary gold and a number of other assets.

In June 2015, the First Deputy Governor of the Central Bank Dmitry Tulin said the regulator intended to increase Russia's international reserves to 500 billion dollars within three to five years. Endi