The Central Bank of Russia ended 2016 with 1614.267 tonnes of gold on their balance sheet.
Central Bank of Russia Adds 3 Million ounces in 2017 through May.
In May 2017, the Central Bank of Russia added 700,000 ounces (21.77 tonnes) of er reserves, raising her total to 1707.67 tons or 54.9 million ounces. In April the Central Bank of Russia added 200,000 ounces (6.22 tonnes). In March, the Central Bank of Russia added 800,000 ounces (24.882 tonnes)to reserves after adding 300,000 ounces (9.331043 tonnes) in February and 1,000,000 ounces (31.104 tonnes) in January.
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 over 400 tons of gold to her reserves from June 2015 to May 2017.
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Russia Adding Gold To Reserves At A Faster Pace Than China
From March 2016 to May 2017 China added 45 tonnes of gold to its reserves, while Russia added 246 tonnes, or 447% more.
The People’s Bank of China’s gold reserves as of May 2017 are at the same level as of November 2016. The Central Bank of Russia added 3 million ounces (83.31 tons) of gold from November 2016 to May 2017.
Russia has added about 122 more tonnes of gold to its reserves than China from November 2015 – November 2016.
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