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composition of financial assets of residents that are claims on nonresidents and gold bullion held as a reserve asset, and liabilities of residents to nonresidents.

803 Monetary gold 86,903 0 783 2,325 90,011 Gold bullion 86,903 0 783 2,325 90,011 Unallocated gold accounts 0

Figure 45). Meanwhile, a significant rise in the number of people aged older than 60 is accompanied by just a minor increase in the employment

3] – Bank of Russia interventions in the domestic FX market and monetary gold purchases** 0.3 0.0 0.3 – regulation of banks’ required reserves

retirement age: in 2022 for women (55 years old), and in 2027 for men (60 years old). However, the amount of lump-sum payments will exceed

series therein. It will be allowed to conclude OSAGO contracts based on old policies until 1 February 2020. All relevant amendments to the regulations will

4] – Bank of Russia interventions in the domestic FX market and monetary gold purchases** 0.3 0.0 0.3 – regulation of banks’ required reserves

Monetary gold 77,491 0 6,392 3,020 86,903 Gold bullion 77,491 0 6,392 3,020 86,903 Unallocated gold accounts

1 – Bank of Russia interventions in the domestic FX market and monetary gold purchases 0.1 0.0 0.0 – regulation of banks’ required reserves