Russia increases foreign reserves in gold to 1,238 metric tons

21.04.2015 18:27
Russia increases foreign reserves in gold to 1,238 metric tons

YEREVAN, April 21. / ARKA /. The Russian Federation has increased foreign reserves of bullion to 39.8 million ounces, or about 1,238 metric tons, as of April 1, compared with 38.8 million ounces a month earlier, the central bank said on its website Monday. The 30-ton purchase was the most since September, according to RBC.

Russia, the fifth-biggest holder of the metal, returned to buying gold after taking a break in January and February.

The country, which bought gold through the last nine months of 2014, made the purchases to diversify foreign reserves and solve issues related to ruble liquidity, central bank Governor Elvira Nabiullina said in February. M.V.-0-


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