Russia increases its purchases of gold; has more than 2 thousand tons

The Central Bank of Russia bought 92.2 tonnes of gold in the third quarter of this year and left behind a record 2,000 tons of reserves obtained by the Soviet Union in 1941, according to information from RIA Novosti.

According to a report released on November 1 by the World Gold Council, it was verified that in previous months, Russia had bought more of this precious metal than any other country in the world and was above from Turkey, which bought 18 5 tonnes.

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As a result, Moscow has settled a US debt and currently has $ 14,000 million in government bonds, up from $ 176,000 million in 2010.

17% of world reserves

At present, Russia has 17% of the world's gold reserves, valued at more than 78 billion dollars. In August, the first vice president of the Central Bank of Russia, Dmitry Tulin, said that these documents "constitute a guarantee against 100% of the legal and political risks" of the world.

• In 2018, Russia overtook China and ranked fifth in the world's largest gold reserves.
• The increase in the acquisition of gold is linked to the fall of the ruble and the sale of US Treasury securities.
• Moscow has decreased its stake in US government bonds since mid-July.