Russia’s foreign currency, gold reserves fall by $38.8bn since February

  • 3/31/2022
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RIYADH: Russia’s foreign currency and gold reserves have plunged by $38.8 billion since February, Bloomberg reported citing the central bank. As of March 25, the country’s stockpile declined to the lowest level since last August to reach $604.4 billion. The decline is attributed to the extended sanctions and the measures preventing the central bank from deploying its assets, which are compelled by the Russia-Ukraine war.

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