Russia reaping benefits of storing gold – media ...News

Russia Today - Economy
Russia reaping benefits of storing gold – media
source : Russia Today ( News ) () 42
The country’s bullion stockpile has continued to grow over the past year, Izvestia reports Russia is benefitting from its increased gold reserves, which reached a two-decade high at the end of last year, the Izvestia newspaper reported on Thursday, citing data from the World Gold Council. Statistics showed that Russia had 2,332 tons in global gold reserves as of the end of 2022, putting it fifth in the global rankings. Only the US, Germany, Italy, and France had greater reserves. According to the Russian central bank, the country’s forex reserves amounted to $581.6 billion as of the start of September 2023,  inclu

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