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Russia's foreign exchange reserves increase to $722 billion
The Russian Central Bank announced that foreign exchange reserves have increased for the third consecutive week, reaching $722 billion. This reflects an improvement in the value of reserve assets and strengthens the country's financial stability, according to an official statement today. The rise is due to the revaluation of assets and the increased value of some reserve components, such as gold and cash, supporting the Russian economy's ability to face external challenges.
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