Balance of Payments in Q2 2021

Платежный баланс во втором квартале 2021 г

Alexandra Bozhechkova, Alexander Knobel and Pavel Trunin

Russian Economic Development, 2021, issue 8, 4-8

Abstract: In Q2 2021, the current account balance amounted to $19.9 bn, vs $1.6 bn in Q2 of last year. Russia’s trade balance demonstrated a significant increase relative to Q2 2020. Net capital outflow from the private sector declined on the same period of last year, while the global economy was recovering, and the Bank of Russia was tightening its monetary policy. The regulator continued its foreign currency purchases within the framework of the fiscal rule, which produced an increase in reserve assets by $8.3 bn in Q2 2021. International reserves increased to $591.7 bn. According to the period-end results of Q2 2021, the ruble exchange rate against the US dollar gained 4.4%, rising to Rb72.4.

Keywords: balance of payments; export; import; current account transaction; ruble exchange rate; outflow/inflow of capital; Bank of Russia (search for similar items in EconPapers)
JEL-codes: E44 E58 F21 F31 F32 (search for similar items in EconPapers)
Date: 2021
References: Add references at CitEc
Citations: View citations in EconPapers (3)

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