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International Reserves of the Russian Federation*.......................................................................................................................... 15 1.8. International Reserves and Foreign Currency Liquidity — Russia................................................................................................... 16 1.9. International Reserves Adequacy (International Reserves in

decisions on changes in Bank of Russia interest rates, the amount of reserve requirements, and other issues. In the area of cash circulation, the Board

five reserve currencies. SDRs can be acquired by countries to fulfil their obligations to the IMF or sold to adjust the structure of international reserves.

2025 2026 2027 2028 Foreign assets (excluding reserves) Foreign liabilities Change in reserves Financial account balance (including reserves) * In the balance item, ‘–’ denotes net borrowing

largest economies, although affecting only individual components so far. The US Federal Reserve System paused monetary policy easing in January 2026, explaining its decision by

largest economies, although affecting only individual components so far. The US Federal Reserve System paused monetary policy easing in January 2026, explaining its decision by

in prices for bullions that NPFs are allowed to buy for pension reserves. Taking into account the results of the consultations with the self-regulatory organisation