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23 Jan 2015
Russia’s boosts gold reserves for a ninth month - IMF
FXStreet (Mumbai) - In a decade, Russia has more than tripled its gold reserves and now holds the most of the precious metal it has had since at least 1993, the latest International Monetary Fund (IMF) data show.
Bank of Russia revealed that the country’s gold reserves rose to about 38.8 million ounces in January from 38.2 million ounces in December, part of the longest stretch of regular monthly increases since August 2013.
The fresh December addition was about 18.7 metric tons, approximately the same amount as purchases made in November and October. Russia added 37.3 tons of gold to its reserves in September.
Bank of Russia revealed that the country’s gold reserves rose to about 38.8 million ounces in January from 38.2 million ounces in December, part of the longest stretch of regular monthly increases since August 2013.
The fresh December addition was about 18.7 metric tons, approximately the same amount as purchases made in November and October. Russia added 37.3 tons of gold to its reserves in September.