Cbank: Russia’s gold reserves rise 2% to 1,614 tns in Nov

MOSCOW, Dec 20 (PRIME) -- Russia’s gold reserves, part of the country’s international reserves, increased by 1.96 % in November to 51.9 million troy ounces, or 1,614.3 tonnes, as of December 1, according to data of the central bank seen by PRIME on Tuesday.

The value of gold reserves fell 4.3% in November to U.S. $61.657 billion. The share of gold in Russia’s foreign exchange and gold reserves fell to 16.00% from 16.49%.

The central bank purchased 40.4 tonnes of monetary gold in October, 15.6 tonnes in September, 21.8 tonnes in August, 6.22 tonnes in July, 18.7 tonnes in June, 3.1 tonnes in May, 15.6 tonnes in April, 15.6 tonnes in March, 9.3 tonnes in February and 21.8 tonnes in January.

In 2015, Russia’s gold reserves rose by 17.27% to 45.5 million troy ounces, or 1,415.2 tonnes.

International, or foreign exchange and gold reserves, include monetary gold, Special Drawing Rights (the International Monetary Fund’s currency) and foreign currency.

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