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them close to the key rate which indicates monetary policy stance. The reserve requirements create credit institutions’ demand to hold a certain volume of funds

Styrin, and anonymous referee for their helpful comments and suggestions. All rights reserved. The views expressed herein are solely those of the authors. The results

credit, as well as time deposits, credit institutions’ required reserves with the central bank, and the reserve position in the IMF. Transactions between credit institutions

system of cross-border settlements was characterised by the dominant role of traditional reserve currencies (the US dollar and the euro). However, this year, a number

of banks’ required reserves with the Bank of Russia 0.7 -0.1 0.0 -0.1 2. Change in free bank reserves (correspondent accounts

excluding reserve assets 238 51 35 38 39 Net incurrence of liabilities -131 11 23 20 20 Net acquisition of financial assets, excluding reserve assets

diversify the reserves to friendly, although non-reserve currencies with a higher carry? ELVIRA NABIULLINA: Reserves invested in non-reserve currencies are no longer reserves. These are

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

such companies do not need additional capital, as they have enough insurance reserves. The document allows insurers to take into account the price of non-traded

Bank of Russia reserves and funds Annual Report for 2022 Bank of Russia millions of rubles Reserve fund Social fund Revaluation reserves Growth in the