Russia Reports Record Gold and Foreign Currency Reserves After Receiving $17.5 Billion From IMF

The International Monetary Fund doled out some $650 billion in special drawing rights (SDR) no-interest loans to its members last week, ostensibly as part of the agency’s move to add liquidity into the global economic system, replenish foreign exchange reserves and reduce nations’ debt amid the coronavirus crisis.

Russia Reports Record Gold and Foreign Currency Reserves After Receiving $17.5 Billion From IMF
The International Monetary Fund doled out some $650 billion in special drawing rights (SDR) no-interest loans to its members last week, ostensibly as part of the agency’s move to add liquidity into the global economic system, replenish foreign exchange reserves and reduce nations’ debt amid the coronavirus crisis.