Russia has gained a new record on volume of gold and exchange currency reserves
On July, 20th the volume of gold and exchange currency reserves of Bank of Russia has reached 413,1 billion dollars. Such information has been represented in the message of Central Bank’s department on the external and public relations. It is the first record parameter on size of gold and exchange stocks for all USSR history and Russian Federation.
In comparison with the previous value of gold and exchange currency reserves of the Central Bank have increased on 1,9 billion dollars, or on 0,5 %. Thus their growth is being fixed for the third week successively. During this rather short period Russia’s gold and exchange stocks have raised on 7,1 billion dollars, or nearly on 2 %.
As experts notice, the reason of these rather fast rates of increase in gold and exchange currency reserves can be caused by active purchase of foreign currency from the Central Bank in the home market, and quite sharp strengthening of euro to dollar at the international stock exchanges.
At the same time on volume of gold and exchange currency reserves Russia still considerably concedes to two world leaders - China and Japan. So, gold and exchange currency reserves of China exceed 1,33 billion dollars. Only during the 1st quarter of this year they have grown almost on 136 billion dollars. Gold and exchange stocks of Japan make more than 914 billion dollars.
Thus the Central Bank predicts delay of growth of gold and exchange currency reserves during the nearest months. According to chairman of board of Bank of Russia, it is connected with weakness of the current account of the balance of payments.
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