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Russia's Gold And Currency Reserves Increased by $2.1 Billion
August 1, 2017 16:27


Russia's gold and currency reserves increased by $ 2.1 billion or by 0.5 percent from July 17 to 21. Their volume reached 414.7 billion US dollars. This is evidenced by the data posted on the website of the Central Bank.

On June 5, the Chairman of Central Bank, Elvira Nabiullina said that the regulator was going to increase the Russia's international reserves up to 500 billion US dollars with favorable economic conditions. At the end of April, they rose to the maximum level since December 2014 - $ 400 billion.

According to Thomson Reuters, the Russian Central Bank is leading in terms of gold reserves growth among the central banks of the world for the fifth year. In 2016, 201 tons of precious metals were purchased.

International (or gold and currency) reserves are the assets in foreign currency, gold and special drawing rights. The historical maximum was reached in early August 2008, amounting to 598 billion dollars.


Author: Anna Dorozhkina


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