MOSCOW, September 5 (RIA Novosti) - Russia's international reserves stood at $581.6 billion as of September 1, down $14.3 billion since August 1, the Central Bank of Russia said on Friday.
International reserves declined by as much as $16.4 billion in the week from August 8 through 15, which was caused by capital outflow triggered by the military conflict in South Ossetia as the Central Bank was forced to sell the currency from its international reserves.
The following two weeks saw $1.4 billion growth in the reserves.
The international reserves are composed of foreign currency, gold, special drawing rights (SDRs), a reserve position in the International Monetary Fund (IMF) and other assets.
