Russian state reserve in September lost $ 28 billion

As of October 1, 2011, the international reserves of Russia amounted to 516 billion 848 million dollars. According to the Bank of Russia, on September 1, their value was 545 billion $ 012 million.

Thus, the fall of this indicator for a month amounted to $ 164 million, BFM.ru reports.

As of October 1, 2011, in the structure of international reserves, the volume of foreign currency reached 459 billion $ 753 million, SDR - 8 billion 879 million, gold - 44 billion 352 million dollars. The reserve position in the IMF amounted to 3 billion 864 million dollars.

In August, the volume of international reserves of Russia increased to $ 533.905 billion a month earlier to $ 545.01 billion.

The main factors in the reduction of reserves in September were negative currency reassessment as a result of weakening the euro and large -scale interventions of the Bank of Russia to contain the ruble exchange rate.

According to the head of the Central Bank Sergey Ignatiev, the regulator sold $ 8 billion in the domestic market in September.

Despite a significant reduction in reserves against the background of global financial instability and outflow of capital from Russia, the Central Bank has not yet reviewed the 2011 forecast for $ 515 billion, waiting for a large positive balance of the trade balance and the current account.

The country's international (gold and foreign exchange) reserves represent external assets that are under the control of monetary regulation bodies. They can be used at any time to finance the deficit of payment balance, as well as for interventions in foreign exchange markets that affect the national currency course.