Reserves: Gold Reserves

reserves: It is the first time in 30 years that the share of gold in Russian foreign exchange reserves has exceeded 20 percent, according to Global Times China. Russia's central bank is increasing its gold reserves and has been the world's largest buyer of gold for years. Gold reserves were 2219.2 metric tons, or 109.5 billion, accounting for 20.7 percent of total foreign exchange reserves. In the last 10 years, Russia's gold reserves have more than tripled. First, it's a way to avoid international economic risks. There are reasons why Russia has significantly increased its gold reserves. (news.financializer.com). As reported in the news.