Russia sets all-time high for gold and currency reserves
Russia’s international reserves set a new record, while the country maintains the fifth place of the world by the volume of these assets, according to informed the Court of Auditors.
“The volume of Russia’s international reserves has exceeded $ 618.2 billion by September 1, 2021, and this is the record that the Bank of Russia has never reached in its history, ”said the supervisory body after reviewing the holdings.
With reserves increasing by $ 235 billion since 2015, Russia ranks fifth after China, Japan, Switzerland and India, read the statement.
These types of reservations include very liquid assets comprising monetary gold, foreign currency and holdings of special drawing rights, which are at the disposal of the Central Bank of Russia and the government.
In recent years, Russia has significantly increased the gold report in international reserves, from 7.8% at the start of 2014 to 23.3% at the end of 2020. Similarly, the volume of Special drawing rights, from $ 7,000 million to $ 24,600 million.
According to data from the Bank of Russia, the country’s international reserves reached $ 614,122 million as of October 1.
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