As regards to sub-items, foreign currency reserves increased by 17.8 percent to 48.5 billion dollars, and gold reserves increased by 8.1 percent to 43.2 billion dollars.
Short term predetermined net drains of the Central Government and the CBRT (foreign currency loans, securities, FX deposit liabilities) increased by 2.4 percent to 28.3 billion dollars, of which almost 23 billion dollars in principal repayments and 5.3 billion dollars in interest payments.
Additionally, outstanding FX and gold liabilities arising from the CBRT’s financial derivative activities with resident and non-resident banks recorded 61.9 billion dollars, of which 23.4 billion dollars is due in one month.
Contingent short-term net drains on foreign currency consist of “collateral guarantees on debt due within one year” and “other contingent liabilities (“Required Reserves in Blocked Accounts in Foreign Currency and Gold” and “Letters of Credit” items in the CBRT’s balance sheet). These liabilities recorded 46.7 billion dollars increasing by 15.6 percent compared to the previous month.