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The Central Bank of Russia Added a Record 223 Tons of Gold in 2017

THE CENTRAL BANK OF RUSSIA ADDED A RECORD 223 TONS OF GOLD IN 2017

Russian Central Bank Adds 300,000 ounces (9.331 tons) of gold to reserves in December.

Since June 2015, the Central Bank of Russia has added over 558 tons of gold to reserves.

December’s 9.331 ton gold addition brings Russia’s Central Bank holdings to 1838.211 tons; the sixth most of any nation, close behind the People’s Bank of China.

Overall Russian reserves rose from $431.636 in November to $432.742 in December.

Russian holdings of U.S. Treasuries top $100 billion for eighth month in a row.

Gold reserves worth $76.647 billion constitute 17.7% of overall Russian reserves.

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