Gold reserves – Page 4 – THE OVAL CIRCLE

Russian banks boost gold reserves to historic high amid COVID pandemic

Posted on September 23, 2020September 23, 2020By Editor

Investments in precious metals by Russian banks increased in August, reaching almost $7.4 billion (568 billion rubles), data released by the country’s central bank (CBR) showed. … Read More >Russian banks boost gold reserves to historic high amid COVID pandemic

Russia continues stockpiling gold, raising forex reserves to near all-time high

Posted on September 22, 2020September 22, 2020By Editor

Russian gold and foreign currency holdings increased to a total of $591.8 billion, according to the latest data released by the country’s central bank. … Read More >Russia continues stockpiling gold, raising forex reserves to near all-time high

Russia’s gold & foreign currency reserves surge by $1 BILLION in one week

Posted on September 7, 2020September 7, 2020By Editor

After three consecutive weeks of growth, Russian forex holdings have reached a total of $591.8 billion, according to the latest data released by the country’s central bank. … Read More >Russia’s gold & foreign currency reserves surge by $1 BILLION in one week

Worst of coronavirus impact on Russia’s economy over – Putin

Posted on August 28, 2020August 28, 2020By Editor

Russian President Vladimir Putin says the country has already passed the peak of the economic problems caused by the Covid-19 pandemic, paving the way for economic recovery next year. … Read More >Worst of coronavirus impact on Russia’s economy over – Putin

Russia

$600 billion: Despite Covid-19 crisis & falling oil prices, Russia’s gold & foreign exchange reserves reach all-time high

Posted on August 15, 2020August 15, 2020By Editor

The value of Russia’s gold and foreign currency holdings has risen by almost $9 billion in a week. This means it’s sitting on $600 billion in forex reserves – an all-time record beating August 2008’s previous high of $598 billion. … Read More >$600 billion: Despite Covid-19 crisis & falling oil prices, Russia’s gold & foreign exchange reserves reach all-time high

Venezuela Granted Full Leave to Appeal UK Ruling Denying Access to Gold Reserves – Lawyer

Posted on August 11, 2020August 11, 2020By Editor

The Venezuelan Central Bank (BCV) has been given the right to appeal all aspects of an original ruling by a UK court that denied Caracas custody of Venezuelan gold reserves that are currently being held by the Bank of England, a lawyer said on Monday. … Read More >Venezuela Granted Full Leave to Appeal UK Ruling Denying Access to Gold Reserves – Lawyer

UK Took $1Bln of Gold From Cash-Strapped Venezuela – Deputy Secretary of Russian Security Council

Posted on August 11, 2020August 11, 2020By Editor

The United Kingdom has de facto seized $1 billion of gold stored in its bank from Venezuela at a time when the Latin American nation is grappling with the pandemic, the deputy secretary of the Russian Security Council said. … Read More >UK Took $1Bln of Gold From Cash-Strapped Venezuela – Deputy Secretary of Russian Security Council

Russia

Dumping the dollar: Record gold price justifies Moscow’s choice to abandon greenback & bet on precious metal

Posted on August 1, 2020August 1, 2020By Editor

Washington’s weaponization of the dollar in an effort to crush Russia’s economy seems to be backfiring. The policy encouraged Moscow to pivot to gold and this week the cost of an ounce broke the $2,000 barrier for the first time. … Read More >Dumping the dollar: Record gold price justifies Moscow’s choice to abandon greenback & bet on precious metal

Venezuela to challenge UK’s ruling that denies access to its gold stored in Bank of England vaults

Posted on July 26, 2020July 26, 2020By Editor

Caracas has won the right to file a court appeal on the decision of the English High Court, which blocked the Maduro government from getting back $1 billion in gold held by the Bank of England. … Read More >Venezuela to challenge UK’s ruling that denies access to its gold stored in Bank of England vaults

Russia has enough reserves to cope with Covid-19 crisis – PM Mishustin

Posted on July 24, 2020July 24, 2020By Editor

The Russian government’s revenues and vast reserves have enabled the country to remain stable and deal with the coronavirus pandemic, Prime Minister Mikhail Mishustin said on Wednesday … Read More >Russia has enough reserves to cope with Covid-19 crisis – PM Mishustin