According to the data of the Russian Central Bank, the country's cash reserves amounted to about $ 489.5 billion in the first quarter of 2019 after borrowing $ 3 billion from foreign markets on March 21 and the broad purchase of hard currencies from local markets
It is noteworthy that gold constitutes about 20% of Russia's foreign reserves, as it increased in early April 2019 by more than 90 tons of gold after reaching Russia's total reserves of about 2119.2 tons in 2018
Despite that, the Russian markets witnessed a flight of capital in the first quarter of 2019, amounting to about $ 25.5 billion, which is an extension of the decline in foreign investment in Russian companies during 2018 to its lowest level since 1997 to reach $ 6.5 billion. p >
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