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10.8 17.5 66.8 18.4 net of reserve assets Change in reserve assets -5.1 -1.4 -2.3 -1.2 -10.

regulator continued to enhance banks’ resilience. BOX 2 International reserves Over 2024, the country’s international reserves increased from $598.6 billion to $609.1

balance, excluding reserve assets 57 39 36 32 Net incurrence of liabilities 10 8 3 2 Net acquisition of financial assets, excluding reserve assets 67

foreign currency reserves are also in US dollars. That is, we would have to reconsider our concept of the dollar as a global reserve currency.

of Inflation Persistent? Evidence from a Novel Decomposition of PCE Inflation. Federal Reserve Bank of Boston Current Policy Perspectives. November 4, 2022. 9 TALKING TRENDS

liquidity from their correspondent accounts to special required reserve accounts due to the annual recalculation of required reserves (RRs) in the special accounts during the

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

facilities, both providing and adsorbing liquidity. Also, at the end of required reserve averaging periods, the Bank of Russia will continue holding either deposit or

R., Ponomarenko, A. and Seleznev, S. Forecasting the implications of foreign exchange reserve accumulation with a microsimulation model Journal of Simulation, 2020. https://doi.org

докладов об экономических исследованиях Май 2019 When a central bank accumulates foreign reserves, there are two possible ways of balance of payments adjustment: (1) decreasing