Russian Gold Reserves July 2016.
The Central Bank of the Russian Federation added 200,000 ounces (6.22 tonnes) of gold to its reserves in July.
Since January 2016 through July 2016, Russia has added over 90 tons of gold to reserves .July’s gold addition brings Russia’s gold holdings to over 1,500 tons; the sixth most of any nation.
Overall Russian Reserves are up 6% since January 2016 from $371 billion to $394 billion.
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 and , 600,000 ounces (18.66 tons) in June, the Central Bank of the Russian Federation announced today that it had added another 200,000 ounces (6.22 tonnes) of gold to her reserves in July.
The report indicated that Russian gold reserves increased by 200,000 ounces from its June 2016 report to 48.4 million ounces (1505.41 tonnes). The chart below shows the Central Bank of Russia’s Gold Reserves by month with tonnage rounded to the nearest metric ton.
The Central Bank of Russia added 200,000 ounces of gold to its reserves in July 2016.
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Since 2009, Russia has added more than 860 tons of gold to its reserves more than China who added about 760 tons during the same time period.
Russian Monthly Gold Purchases June 2014 – July 2016
Russia has added 13.75 million ounces (approximately 429 tons) to its reserves from June 2014 through June 2016.
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Russia Adding Gold To Reserves At A Faster Pace Than China
From August to July 2016 China added 150 tonnes of gold to its reserves, while Russia added 218 tonnes, or 45% more. The People’s Bank of China added about 5 tons of gold to its reserves in July 2016, while Russia added over 6 metric tons.
Russia has added about 68 more tonnes of gold to its reserves than China from August 2015 – July 2016.
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Russia has the sixth largest gold reserves of any nation.
Overall Russian Reserves
The reserves of the Central Bank of Russian have grown $20 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.
Gold represented about $52 billion of Russia’s overall reserves in July 2016, or about 15%.
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-July 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 July, 2016, Russia held $90.9 billion in U.S. Treasury Bonds down from $131.8 billion in January 2014 but up from $66.5 billion in April 2015.
Russia increased their U.S. Treasury bond holdings in June 2016 by $2.7 billion from May, bringing their total to $90.9 billion
Roubles For Gold
Increasingly, Russia has been buying up more of their gold mining production, in effect converting roubles into gold.
Russia is retaining an increasing percentage of its gold mining output.
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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)
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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