Russia’s gold & foreign currency reserves rise by almost $5 BILLION in just one week

0
139

from RT:

Russian foreign exchange holdings grew by 0.8% over the week ending October 15, reaching $620.3 billion, according to the latest data from the central bank. Russia holds the world’s fifth-largest forex reserves.

The regulator says the country’s international reserves rose by $4.9 billion from October 8, as a result of positive revaluation as well as foreign currency purchases within the budget rule.

The holdings of monetary gold increased by 0.14% last month to 73.9 million ounces (2,298.547 tons) as of October 1, the bank reported earlier.

TRUTH LIVES on at https://sgtreport.tv/

The central bank has been steadily diversifying the country’s international holdings, cutting its share of US dollars in favor of gold and other currencies.

Read More @ RT.com