The share of monetary gold in the international reserves of Russia for February 2024 remained unchanged. As of March 1, reserves amounted to 74.9 million ounces (2329.65 tons), according to a statement by the Bank of Russia.
At the same time, the value of gold in reserves as of March 1 increased by 0.66% to $152.521 billion from $151.516 billion on February 1. The share of gold in international reserves also increased to 26.18% from 25.88%.
In March 2023, the Bank of Russia resumed publishing data on the volume of gold in the international reserves of the Russian Federation after a one-year break.
For the full year 2023, the volume of gold in the reserves of the Central Bank of the Russian Federation remained unchanged and on January 1, 2024 they amounted to 75.0 million ounces (2332.76 tons), the same as on January 1, 2023.
By the end of 2022, the share of monetary gold in the international reserves of the Russian Federation decreased by 0.14% (-3.11 tons) to 2298.547 tons. In 2021, the reserves increased to 2301.657 tons. In 2020, they also increased to 2298.547 tons.
During 2019, the Bank of Russia increased its gold reserves by 7.5% (+158.6 tons) and as of January 1, 2020 they amounted to 73.0 million ounces (2,270.56 tons). In 2018, the Central Bank of the Russian Federation bought 273.715 tons of gold and as of January 1, 2019, reserves in gold amounted to 67.9 million ounces (2111.93 tons), gold.1prime.ru reports.
Alex Shishlo for Rough&Polished
