Russian Gold Reserves.
Russian Gold Purchases in April 2015.
Russia adds 300,000 ounces of gold to its reserves in April
Russia Boosts Gold Reserves, Adds U.S. Treasuries
The Central Bank of the Russian Federation published its official April 2015 reserve assets and other foreign currency assets report today indicating that its gold reserves had increased 300,000 ounces from its March 2015 report, to 40.1 million ounces.
In January and February of this year, Russia did not add any gold to its reserves, while continuing to shed its U.S. Treasury holdings.
In April Russia added 300,000 ounces of gold to its reserves and added $.3 billion of U.S. Treasuries to its reserves in March.
Russia’s U.S. Treasury Bond Holdings January 2014-March 2015
Russian gold reserves were unchanged in January and February of this year dispelling unfounded market speculation that Russia would sell some of its gold in light of the collapse of the rouble in recent months.
The rouble experienced a sudden reversal of fortunes in February and March and began to rise against nearly all foreign currencies including the dollar.
It seems that Russia took advantage of the stronger rouble to add to its gold reserves in March and April and to increase its U.S. Treasury holdings in March.