Russia holds world’s fifth-largest gold & foreign currency reserves | WHAT REALLY HAPPENED X-Frame-Options: SAMEORIGIN

Russia holds world’s fifth-largest gold & foreign currency reserves

Russia has reached a historic record in international reserves, ranking fifth in the world after China, Japan, Switzerland and India, the Accounts Chamber said after an audit of the country’s gold and foreign exchange holdings.

“The volume of Russia's international reserves exceeded $618.2 billion [as of September 1]. This is a historic record – during the entire existence of the Bank of Russia, such indicators have not been achieved. Since the beginning of 2015, the amount of reserves has grown by 235 billion US dollars,” the Accounts Chamber said in its recent report.

The agency notes that in recent years Russia has noticeably increased the share of gold in its international reserves – from 7.8% at the beginning of 2014 to 23.3% by December 2020.

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