Balance of Payments: Reserve Assets: Assets (or Net Acquisition of Assets) for Russia
RUSB6FARA01CXCUQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
7,638,990,000.00
Year-over-Year Change
-64.76%
Date Range
1/1/1994 - 10/1/2024
Summary
The 'Balance of Payments: Reserve Assets: Assets (or Net Acquisition of Assets) for Russia' trend measures Russia's accumulation of foreign currency reserves. This data is crucial for economists and policymakers to assess Russia's financial stability and foreign economic relations.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
This series tracks the changes in Russia's foreign currency reserves, which include holdings of gold, special drawing rights (SDRs), and foreign exchange. Understanding Russia's reserve asset position provides insight into its ability to manage exchange rates, support its currency, and meet international financial obligations.
Methodology
The data is collected and reported by the Central Bank of Russia.
Historical Context
Policymakers and analysts use this trend to evaluate Russia's macroeconomic conditions and financial resilience.
Key Facts
- Russia's foreign exchange reserves totaled over $630 billion as of 2022.
- Russia has the world's 4th largest foreign exchange reserves.
- The reserve asset trend reflects Russia's efforts to insulate its economy from sanctions.
FAQs
Q: What does this economic trend measure?
A: This trend measures changes in Russia's foreign currency reserves, including gold, SDRs, and foreign exchange. It provides insight into Russia's financial strength and foreign economic relations.
Q: Why is this trend relevant for users or analysts?
A: Understanding Russia's reserve asset position is crucial for evaluating its macroeconomic conditions, exchange rate management, and ability to meet international financial obligations.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Central Bank of Russia.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to assess Russia's financial resilience and the effectiveness of its macroeconomic policies.
Q: Are there update delays or limitations?
A: The data is subject to the reporting schedule of the Central Bank of Russia and may not be available in real-time.
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Citation
U.S. Federal Reserve, Balance of Payments: Reserve Assets: Assets (or Net Acquisition of Assets) for Russia (RUSB6FARA01CXCUQ), retrieved from FRED.