RT.com
21 Oct 2021, 14:42 GMT+10
The holdings of monetary gold in Russia's foreign exchange reserves increased by 0.14% last month, amounting to 73.9 million ounces (2,298.547 tons) as of October 1, the Central Bank of Russia reports.
Statistics show that the Russian central bank added 3.1 tons of gold in September. This comes as the bank replenished its reserves by 100,000 ounces (or 3.1 tons) in July for the first time since April 2020. The share of monetary gold in Russia's foreign exchange reserves accounted for 20.95% as of last month.
Russia's international reserves include highly liquid foreign assets like stocks of monetary gold, foreign currencies, and Special Drawing Rights assets, which are at the disposal of the Central Bank of Russia and the government.
The holdings exceeded the target level of $500 billion set by the regulator in June 2019 and have remained above that threshold ever since.
In 2020, Russia's reserves surged by over $40 billion despite the impact of the coronavirus pandemic on the economy, which forced the government to increase spending to support businesses and households.
Russia holds the world's fifth largest foreign currency reserves, worth over $618 billion as of September 1.
For more stories on economy & finance visit RT's business section
(RT.com)
Get a daily dose of Greek Herald news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Greek Herald.
More InformationAMSTERDAM, Netherlands: Some 32 percent of global semiconductor production could face climate change-related copper supply disruptions...
DUBLIN, Ireland: Taoiseach Micheál Martin has expressed cautious optimism that the European Union and the United States can strike...
OTTAWA, Canada: With Canada Post struggling to maintain operations amid labour unrest, rivals like FedEx and UPS are stepping in to...
PARIS, France: French military and intelligence officials have accused China of orchestrating a covert campaign to damage the reputation...
HONG KONG: China has fired back at the European Union in an escalating trade dispute by imposing new restrictions on medical device...
PARIS, France: A strike by French air traffic controllers demanding improved working conditions caused significant disruptions during...
HONG KONG: China has fired back at the European Union in an escalating trade dispute by imposing new restrictions on medical device...
WASHINGTON, D.C.: President Donald Trump is drawing praise from his core supporters after halting key arms shipments to Ukraine, a...
By Reena Bhardwaj Washington, DC [[US], July 11 (ANI): US President Donald Trump on Thursday (local time) announced that the US will...
UN humanitarians say first fuel in 130 days allowed into Gaza but much more needed The first batch of fuel in more than four months...
Washington, DC [US], July 11 (ANI): The US State Department has announced a new awareness campaign warning Americans, particularly...
(250710) -- LONDON, July 10, 2025 (Xinhua) -- British Prime Minister Keir Starmer (L) welcomes French President Emmanuel Macron at...