Russia’s reserves of gold and foreign exchange are close to their record levels

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Russia’s gold and foreign currency reserves rose by about $ 5 billion in a week, to near its record level last summer.

Russia’s international reserves of gold and foreign currencies rose to about 600 billion dollars, close to the record recorded last summer, “600.7 billion dollars.”

According to the data of the Russian Central Bank, reserves increased during the period from December 25, 2020, to January 1, 2021, from $ 592.4 billion to $ 597.4 billion, by $ 5 billion within a week.

According to the Emirates News Agency, Russia’s international reserve consists of gold, foreign exchange, special drawing rights, and reserves in the International Monetary Fund, which are highly liquid foreign assets held by the Central Bank and the Russian government.

It is noteworthy that Russia is currently ranked third in the global classification of gold mines after Australia and China, and fifth in the world in precious metal reserves.

In the third quarter of 2018, Russia led the world with the growth of gold reserves, surpassing countries such as China and India.





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