Template-type: ReDIF-Article 1.0
Author-Name: Bozhechkova Alexandra
Author-Workplace-Name: Gaidar Institute for Economic Policy; Russian Presidential Academy of National Economy and Public Administration
Author-Name: Knobel Alexander
Author-Workplace-Name: Gaidar Institute for Economic Policy; Russian Presidential Academy of National Economy and Public Administration
Author-Name: Trunin Pavel
Author-Workplace-Name: Gaidar Institute for Economic Policy; Russian Presidential Academy of National Economy and Public Administration
Title: Balance of Payments in Q3 2021
Title: Платежный баланс в третьем квартале 2021 г.
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
Classification-JEL: E58, E44, F32, F21, F31
Journal: Russian Economic Developments
Year: 2021
Issue: 10
Month: October
Pages: 4-8
File-URL: http://www.iep.ru/files/RePEc/gai/recdev/r21104.pdf
File-Format: Application/pdf
Handle: RePEc:gai:recdev:r21104