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

Russian gold and foreign

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.

The international funds grew about 0.02 percent in a week from September 4 -11, the regulator said. Statistics showed that since January 1, Russia boosted forex reserves by $37.4 billion. They were up by 18.3 percent last year.

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