Foreign exchange reserves are essential for a country.
They provide the much-needed buffer during economic shocks and help
maintain the value of the local currency. Russia has a foreign exchange
reserve worth $643 billion as of February 2022. Gold, Yuan, Special
Drawing Rights (SDRs), International Monetary Fund (IMF), USD, and Euro
are its major foreign reserves. In addition, Russia stores its Gold,
which constitutes $223.8 billion of its reserves.