Russia Adds 199 Tons of Gold To Reserves in 2016

Russian Central Bank Gold Reserves 2016.

The Central Bank of the Russian Federation added 6,400,000 ounces (199.062 tons) of gold to its reserves in 2016.

The Central Bank of Russia added no gold to reserves in December.

Russia’s central bank holdings at 1614.267 tons of gold at year end; the sixth most of any nation.

Russian Central Bank has added 70% more gold to reserves than the People’s Bank of China over the past 12 months.

Overall Russian Reserves fell from $385.288 billion in November to $377.741 billion in December.

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Russian Gold Reserves

After adding 6,700,000 ounces (208 tonnes) of gold to her reserves in 2015, 700,000 ounces (21 tonnes) in January 2016, 300,000 ounces (9.33 tonnes) in February, 500,000 ounces (15.55 tonnes) in March, 500,000 ounces (15.55 tonnes) in April, 100,000 ounces (3.11 tonnes) in May 2016, 600,000 ounces (18.66 tons) in June, 200,000 ounces (6.22 tonnes) in July, and 700,00 ounces (21.77 tons) in August, 500,000 ounces (15.55 tonnes) in September, 1,300,000 ounces (40.44 tonnes) in October and 1,000,000 ounces (31.10 tonnes) of gold to her reserves in November.

The final 2016 report from the Russian Central Bank indicated that Russian gold reserves increased by 6,400,000 ounces (1614.267 tonnes) in 2016 . The chart below shows the Central Bank of Russia’s Gold Reserves by month with tonnage rounded to the nearest metric ton.

Central Bank of Russia gold reserves June 2015 - November 2016

The Central Bank of Russia added 1,000,000 ounces of gold to its reserves in November 2016.

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Since 2009, Russia has added more than 965 tons of gold to its reserves more than China who added about 775 tons during the same time period.

Russian Monthly Gold Purchases June 2014 – November 2016

Russian central bank monthly gold additions June 2014 - November 2016 ounces

Russia has added 17.2 million ounces (approximately 535 tons) to its reserves from June 2014 through November 2016.

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Russia Adding Gold To Reserves At A Faster Pace Than China

From November 2015 to November 2016 China added 120 tonnes of gold to its reserves, while Russia added 242 tonnes, or 101% more. The People’s Bank of China added no gold to its reserves in November 2016, while Russia added over 31 metric tons.

Russian and Chinese central bank monthly gold additions November 2015 - November 2016

Russia has added about 122 more tonnes of gold to its reserves than China from November 2015 – Novmeber 2016.

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Gold Reserves by Country - top ten december 20 2016

Russia has the sixth largest gold reserves of any nation.

Overall Russian Reserves

The reserves of the Central Bank of Russian have grown $15 billion since January. Rising oil prices, however, may curb Russia’s need to continue to build reserves

According to the Russian Central Bank, January official reserves assets were $371,559.1 million of which foreign currency reserves were $302,759 million.

In February, official reserves assets grew to $380,544.3 million and foreign currency reserves increased to $311,094.4 million.

In March, official reserves assets grew to $387,008.1 million and foreign currency reserves increased to $317,834.9.

In April, official reserve assets grew to $391,521.1 million and foreign currency reserves increased to 319,000.9 million.

In May official reserve assets fell to 387,716.0 million and foreign currency reserves increased to 319,521.9 million.

In June official reserve assets rose to $392,756.5 million and foreign currency reserves fell to $316,701.3 million.

In July official reserve assets rose to $393,912.5 million and foreign currency reserves fell to $316,179.1 million.

In August official reserve assets rose to $395,198.4 million and foreign currency reserves rose to $318,254.1 million.

In September official reserve assets rose to $397,743.4 million and foreign currency reserves rose to $320,381.3 million.

In October official reserve assets fell to $390,740.9 million and foreign currency reserves fell to $314,824.4 million.

In November official reserve assets fell to $385,288.3 million and foreign currency reserves fell to $312,395.8 million.

In December official reserve assets fell to $377,741.3 million and foreign currency reserves fell to $307,971.4.

Gold represented about $60.193 billion of Russia’s overall reserves in December 2016, or about 16%.

Russia’s foreign reserves, were the only major emerging market central bank that showed a gain over the past year.


Russian U.S. Treasury Holdings

Russia’s U.S. Treasury Bond Holdings January 2014-November 2016

The Russian Central Bank has increased its US Treasury reserve holdings selling off a good portion of them in the summer of 2015.

As of November, 2016, Russia held $86.6 billion in U.S. Treasury Bonds down from $131.8 billion in January 2014 but up from $66.5 billion in April 2015.

 Russian holdings of US Treasury Securities January 2014 - November 2016

Russia held $86.6 billion in U.S. Treasury bond holdings as of November, 2016

Roubles For Gold

Increasingly, Russia has been buying up more of their gold mining production, in effect converting roubles into gold.

Russian gold mining vs gold reserves 2006-2016

Russia is retaining an increasing percentage of its gold mining output.

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Further reading on Russia’s gold production:

Russia’s VTB bank to supply 15-20 T of gold to China in next 12 months Russia to increase gold production

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Further Reading:

Russian Gold Reserves (monthly archive)

Russia’s U.S. Treasury Holdings vs. Gold Reserves

Top Foreign Holders of U.S. Treasuries

Gold Repatriation Requests (updated regularly)

Gold Supply and Demand

The Importance of Gold

The Smaulgld Gold Buying Guide

Gold Reserves By Country – Top 20

Russia, Ukraine and the Dollar

Are Russia and China Moving Against the Dollar

Gold and Silver Price Manipulation – Suspected

Gold and Silver Price Manipulation – Actual

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