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Russian Central Bank Increases Share of Gold in International Reserves


The size of Russia’s international reserves in August for the first time exceeded 618.2 billion US dollars, Russian media reported.
“This is a historic record – during the entire existence of the Bank of Russia, such indicators have not been achieved,” says the report of the Accounts Chamber of the Russian Federation following the results of the audit of the country’s monetary reserves.

Russia sent the aid it got from the International Monetary Fund (IMF) to the reserves in the amount of $17.55 billion. Since the beginning of 2015, the amount of reserves has grown by 1.5 times.
In October 2021, the indicator reached a new record of $620.8 billion.

The country has now signifi …

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