Irkutsk
Ulan-Ude

Blagoveshchensk
Chita
Yakutsk

Birobidzhan
Vladivostok
Khabarovsk

Magadan
Yuzhno-Sakhalinsk

Anadyr
Petropavlovsk-
Kamchatsky
Moscow

This text is translated into Russian by google automatic human level neural machine.
EastRussia is not responsible for any mistakes in the translated text. Sorry for the inconvinience.
Please refer to the text in Russian as a source.

Central Bank cuts gold purchases sixfold in 2020

Central Bank cuts gold purchases sixfold in 2020
Photo: pixabay.com

By the end of last year, the Bank of Russia reduced gold purchases six times compared to the previous year. In 2019, the regulator acquired 5,1 million ounces of gold.

According to the Central Bank, at the beginning of January, the volume of monetary gold reserves in the international reserves amounted to almost 74 million ounces (about 2,3 thousand tons). Due to the rise in gold prices, its value in reserves increased by about a quarter over the year.

In April last year, the Bank of Russia suspended the purchase of gold on the domestic market. Since then, the dynamics of the volume of gold in reserves has been negligible.

March 2: current information on coronavirus in the Far East
Digest of regional events and latest statistics