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finance and credit, financial literacy and financial inclusion, and the BRICS Contingent Reserve Arrangement. The Kazan Declaration of the XVI BRICS Summit reflects the key

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

495 771-91-00, +7 495 621-64-65 (fax) Website: www.cbr.ru All rights reserved. The views expressed in this paper are solely those of the authors

the NBFIs and banks are required to report sustainability-related data. Meanwhile, the Reserve Bank of India (RBI) has come out with Draft Disclosure Framework on

from the financial sector. The CSITEG of Department of Supervision in the Reserve Bank of India, regulates and supervises area of cybersecurity and IT, in

expression of any opinion whatsoever on the part of the BRICS Central (Reserve) Banks concerning the legal status of any country, territory, city, area or

An important area of cooperation was the improvement of the BRICS Contingent Reserve Arrangement (CRA) mechanism. In this regard, the central banks of the BRICS

errors in this document are the responsibility of the authors. All rights reserved. Reproduction is prohibited without the authors’ consent. Cover image: Shutterstock.com. Address:

E. et al. (1994). Does inflation uncertainty increase with inflation? Economic Review-Federal Reserve Bank of Kansas City, 79:27–27. https://core.ac.uk/download

quality of assets underlying fiat-backed stablecoins: reserves should consist of assets with high credit quality, including central bank reserves, government securities, bank deposits, etc. Additionally,