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Russia's foreign exchange and gold reserves, as the fourth largest in the world, reached the highest level in history in the last week after the IMF transferred money, according to published reports .
According to the Central Bank of Russia, the amount of these reserves jumped 3.4 percent to $6,156 billion in the week ending August 27, according to the Federal News. According to a previous report by the Central Bank of Russia, the amount of these reserves reached $6,595 billion in the week ending August 20.
Also, the most important factor in this growth has been the receipt of foreign currency from the IMF over the past week. In late August, the IMF split $650 billion of its foreign exchange reserves between member states to help deal with the coronavirus crisis, with Russia's share of the measure at $17.5 billion. It was the largest foreign exchange distribution in the history of the IMF, with Russia contributing 2.71 percent.
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