Russia’s gold reserves surpass $400bn for the first time

Russia’s gold reserves surpass $400bn for the first time

Russia’s gold reserves have exceeded $400bn for the first time in history, bolstered by strong prices and state efforts to reduce reliance on Western currencies, Vedomosti reports.

Australian National Review - Russian gold reserves break record — RT Russia & Former Soviet Union

The country’s bullion holdings were valued at $402.7 billion as of early February The value of Russia’s gold reserves has reached an all-time high, exceeding the $400 billion mark, according to statistics released by the country’s central bank on Friday. Russia’s holdings of monetary gold stood at $402.7 billion as of February 1. The figure suggests that the metal currently makes up 48.3% of Russia’s total reserve assets, which stood at $833.5 b…

Russian gold reserves break record

The country’s bullion holdings were valued at $402.7 billion as of early February©  Hans-Peter MertenThe value of Russia’s gold reserves has reached an all-time high, exceeding the $400 billion mark, according to statistics released by the country’s central bank on Friday.Russia’s holdings of monetary gold stood at $402.7 billion as of February 1. The figure suggests that the metal currently makes up 48.3% of Russia’s total reserve assets, which…