Balance of Payments in Q3 2021

Платежный баланс в третьем квартале 2021 г

Alexandra Bozhechkova, Alexander Knobel and Pavel Trunin

Russian Economic Development, 2021, issue 10, 4-8

Abstract: In Q3 2021, the current account surplus of the RF balance of payments picked up considerably as compared to the same period of the previous year. It happened primarily owing to the appreciation of prices for primary products and increased export volumes thereof. At the same time, there was substantial growth both in the private sector’s net capital outflow and foreign exchange purchasing within the framework of the fiscal rule. With special drawing rights (SDR) granted to Russia within the framework of the IMF’s decision on a new allocation of SDR among its member countries, Russia’s international reserves increased.

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
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