The Bank of Russia’s foreign exchange assets include government and nongovernment bonds of foreign issuers, deposits and nostro accounts balances, reverse repo operations, Russia’s net position with the IMF, Russian sovereign Eurobonds and other claims on counterparties. These assets are denominated in US dollars, euros, pounds sterling, Canadian and Australian dollars, Swiss francs, yen, yuans and Special Drawing Rights (SDR) (hereinafter, foreign currencies). Foreign securities purchased by the Bank of Russia through reverse repo transactions are excluded from the total volume of foreign exchange assets. The ... (full story)