The Central Bank of Russia ended 2016 with 1614.267 tonnes of gold on their balance sheet.
In February 2017, The Central Bank of Russia added 300,000 ounces (9.331043 tonnes) of gold to her reserves, raising her total to 1654.705 tons or 53.2 million ounces. The Central Bank of Russia added 1,000,000 ounces (31.104 tonnes) of gold in January.
The chart below shows the Central Bank of Russia’s Gold Reserves by month with tonnage rounded to the nearest metric ton.
Russia Adding Gold To Reserves At A Faster Pace Than China
From February 2016 to February 2017 China added 80 tonnes of gold to its reserves, while Russia added 217 tonnes, or 171% more. The People’s Bank of China added no gold to its reserves in November 2016, while Russia added over 31 metric tons. Neither country added to their gold reserves in December 2016.
The People’s Bank of China’s gold reserves as of February 2017 are at the same level as of Novemeber 2016. The Central Bank of Russia added 1.3 million ounces (40.434 tons) of gold from November 2016 to February 2017.
Russia has added about 122 more tonnes of gold to its reserves than China from November 2015 – November 2016.
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