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7,6 25,1 11,2 Net acquisition of financial assets, excluding reserve assets 20,3 4,1 8,7 5,5 38,6 18,

Russian Federation in services, external debt of the Russian Federation, the international reserves of the Russian Federation, direct investment in the Russian Federation and direct

questions regarding the requirements for stablecoins, namely for par redemption, redemption periods, reserve adequacy, and issuers’ financial resilience. Nevertheless, the consultation paper proposes preserving the

Reserve Bank of India highlighted financial stability risks associated with stablecoins, particularly those relating to their price volatility and mass withdrawals from stablecoins and reserve

spread between RUONIA and the key rate expanded. Banks averaged their required reserves in advance, and their demand for borrowings in the money market decreased

International Reserves of the Russian Federation*.......................................................................................................................... 16 1.8. International Reserves and Foreign Currency Liquidity — Russia................................................................................................... 17 1.9. International Reserves Adequacy (International Reserves in

addition to the payouts made, the ratio calculation takes into account insurance reserves formed by companies for future payments as well as expenses associated with