Russian Gold Reserves.
The Central Bank of the Russian Federation added 300,000 ounces (9.33 tonnes) of gold to its reserves in February.
Russia now has 1,446 tonnes of gold in reserve; the sixth most of any nation.
Russian Gold Reserves
After adding 6,700,000 ounces (208 tonnes) of gold to her reserves in 2015, and 700,000 ounces (21 tonnes) in January 2016, the Central Bank of the Russian Federation announced today that it had added another 300,000 ounces of gold (9.33 tonnes) to its reserves in February 2016. The report indicated that Russian gold reserves increased by 300,000 ounces from its January 2016 report to 46.5 million ounces (1,446.3 tonnes).
Russia added 300,000 ounces of gold to its reserves in February 2016.
Since 2009 Russia has added more than 822 tons of gold to its reserves more than China who added (734 tons) during the same time period.
Overall Russian 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.
Russia’s foreign reserves, were the only major emerging market central bank that showed a gain over the past year.
The Russian Rouble hit a 2016 high earlier this week as the price of oil rose from its low of $29 a barrel to over $41 a barrel.
In January 2016, Russia added 700,000 ounces of gold to its reserves while also adding $4.8 billion of U.S. Treasuries.
Russian U.S. Treasury Holdings
Russia’s U.S. Treasury Bond Holdings January 2014-January 2015
As of January, 2016, Russia held $96.9 billion in U.S. Treasury Bonds down from $131.8 billion in January 2014 but up from $66.5 billion in April 2015.
Russia added 4.8 billion to their U.S. Treasury bond holdings in January 2016 bringing their total to $96.9 billion.
Gold vs. Roubles
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.
Adding gold to reserves has helped Russia offset the loss of value in the rouble vs. gold over the past year.
From August to January 2016 China added 111 tonnes of gold to its reserves, while Russia added 158 tonnes, or 42% more.
Russia added 47 more tonnes of gold to its reserves than China from August 2015 – January 2016.
According to the World Gold Council, Russia holds the sixth most gold of any nation.
Russian Monthly Gold Purchases June 2014 – January 2016
Russia has added 11.8 million ounces to its reserves from June 2014 through February 2016.
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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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