Baku 24° C
Bank of Russia’s gold purchases down 6 times in 2020
Finance
- 21 January, 2021
- 05:56
Add Report.az to preferred Google sources
Stay up to date with the top news!
The Bank of Russia increased its monetary gold reserves as part of international funds last year by 0.9 million ounces (about 28 tons), or 1.2 percent, Report informs, referring to Interfax.
In 2019, the Central Bank (the Bank of Russia) bought 5.1 million ounces of gold. That is they dropped almost six times in 2020.
At the beginning of January, the volume of monetary gold reserves as part of the international funds amounted to 73.9 million ounces (about 2,300 tons) worth $138.75 billion, the Central Bank said.
The figure makes 23.3 percent of Russia’s total reserves. Due to the rise in gold prices, its value in reserves jumped 25.7 percent over the year.
Author
Latest News
12:23
Azeri Light oil price falls to $116 per barrel
Energy
12:00
Pashinyan, Japarov mull security issues in South Caucasus, Central Asia
Region
11:39
Tanker struck by unknown projectile off Saudi coast
Other countries
11:19
Baku hosting Sumo World Championships for first time today
Individual sports
10:56
Attacks on Gulf energy infrastructure 'worrying' for outlook: Pakistan finance minister
Other countries
10:35
About 1,500 troops to take part in Coalition of Willing exercises in Poland
Other countries
10:15
Araghchi heads to Baghdad for OIC meeting amid regional tensions
Other countries
09:57
Saudi-led coalition says it destroyed 2 Houthi missile launch platforms in Yemen
Other countries
09:35
Trump says has no plans to introduce restrictions based on law on sanctions against Russia
Other countries