MODERN ASPECTS OF MANAGEMENT OF GOLD AND FOREIGN EXCHANGE RESERVES OF THE RUSSIAN FEDERATION

Author(s): Bunevich Konstantin Georgievich, Grigorieva Natalia Yurievna

Rubric: Economy

DOI: 10.21777/2587-554X-2019-4-7-14

Release: 2019-4 (31)

Pages: 7-14

Keywords: Gold and foreign exchange reserves, structure of gold and foreign exchange reserves, competitiveness of the country, Russian Federation, monetary gold

Annotation: The main tool and the main financial asset realization of the unified state monetary-credit and currency policy of our country are undoubtedly the foreign exchange reserves of the Central Bank as the guarantor of stability of national monetary system of the country. It is important to note that the optimal level of reserves depends on many factors: the volatility of the real sector of the economy, the foreign economic situation in the country, the degree of access to international financial markets, etc. In the article, the authors analyzed the value of reserves and determined their multidirectional dynamics, pointing to the factors that determine it. Changes in the structure of reserves in relation to the ongoing monetary policy in the country are also considered. There is an increase in monetary gold as part of reserve assets. Such actions are assessed as competent and constructive taking into account modern realities. The results of the study are aimed at accelerating the socio-economic development of the economy of the Russian Federation, increasing the level of competitiveness of the country in relation to other countries of the world

Bibliography: Bunevich KO.GE., Grigorieva NA.YU. MODERN ASPECTS OF MANAGEMENT OF GOLD AND FOREIGN EXCHANGE RESERVES OF THE RUSSIAN FEDERATION // Economics and Management. – 2019. – № 4 (31). – С. 7-14. doi: 10.21777/2587-554X-2019-4-7-14