Friday, October 15, 2021


Russia holds world’s fifth-largest gold & overseas foreign money reserves — RT Enterprise Information

Russia has reached a historic file in worldwide reserves, rating fifth on this planet after China, Japan, Switzerland and India,…

By Staff , in Gold , at October 15, 2021


Russia has reached a historic file in worldwide reserves, rating fifth on this planet after China, Japan, Switzerland and India, the Accounts Chamber stated after an audit of the nation’s gold and overseas trade holdings.

The quantity of Russia’s worldwide reserves exceeded $618.2 billion [as of September 1]. This can be a historic file – throughout the complete existence of the Financial institution of Russia, such indicators haven’t been achieved. Because the starting of 2015, the quantity of reserves has grown by 235 billion US {dollars},” the Accounts Chamber stated in its latest report.

The company notes that in recent times Russia has noticeably elevated the share of gold in its worldwide reserves – from 7.8% at the start of 2014 to 23.3% by December 2020.



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Along with gold and overseas foreign money, Russian reserves embody particular drawing rights (SDRs), a reserve technique of fee issued by the Worldwide Financial Fund (IMF). Based on the report, the quantity of SDRs held by Russia has additionally “elevated considerably from $7 billion to $24.6 billion.” The most recent enhance in SDRs held by Russia got here on the finish of August, when the IMF introduced the distribution of a file $650 billion in particular drawing rights amongst its member states. Russia obtained $18 billion.

The Account Chamber praised the work of the Central Financial institution of Russia in managing reserve property by guaranteeing their security, liquidity and profitability.The company additionally despatched proposals to the central financial institution and the federal government on enhancements for the authorized regulation of the system for managing the nation’s worldwide reserves.



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Russia’s worldwide reserves characterize extremely liquid overseas property which can be on the disposal of the Financial institution of Russia and the federal government. Reserves include financial gold, particular drawing rights (SDRs), a reserve place within the IMF and overseas trade funds.

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