Russian Gold Reserves.
Russian Gold Purchases in March 2015.
After a two month hiatus from gold buying, Russia adds one million ounces of gold to its reserves in March
Russia continues to shed U.S. Treasury Bonds as de-dollarization continues.
Russia Boosts Gold Reserves, Sells U.S. Treasuries
The Central Bank of the Russian Federation published its official March 2015 reserve assets and other foreign currency assets report today indicating that its gold reserves had increased one million ounces from its February 2015 report, to 39.8 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.
Russia’s U.S. Treasury Bond Holdings January 2014-February 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.