Russian gold and foreign currency holdings have increased to a total of $597.4 billion as of January 8, according to the latest data released by the country’s central bank.
The international funds grew by $5 billion, or nearly 0.8 percent, from December 25 to January 1, the regulator said, adding that the volume practically did not change by January 8. The growth was driven by “positive exchange rate revaluation and higher gold prices,” it noted.
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