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owing to the positive revaluation of securities, increased operating earnings, and the reserves remaining at the previous year’s level. Banks’ capital adequacy ratio recovered

partially offset the decline in the FT’s deposits.4 The required reserves (RRs) edged down in April, in part due to the revaluation of

2024 2025 2026 2027 Foreign assets (excluding reserves) Foreign liabilities Change in reserves Financial account balance (including reserves) * In the balance item, ‘–’ denotes net borrowing

rate Reserve Bank of India Indonesia Interest rates: Immediate rates OECD short-term interest rates People's Republic of China CHIBOR before 2006 Federal Reserve Bank

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

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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