Central Bank of Russia Boosts Overall Reserves Past $400 Billion.
Central Bank of Russia Adds Gold AND U.S. Treasuries.
Central Bank of Russia Added 200,000 Ounces (6.22 tonnes) of Gold To Reserves In April.
Russian Holdings of U.S. Treasuries Approach $100 Billion – Highest Since November 2014.
Trump Effect?
Russia’s central bank holdings were at 1686 tons of gold at end of April 2017; the sixth most of any nation.
Overall Russian Reserves rose from $397.907 billion in March to $400.997 billion in April.
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Russian Gold Reserves
After adding 6,700,000 ounces (208 tonnes) of gold to her reserves in 2015, the Russian Central Bank added another 6,400,000 ounces 199 tonnes) in 2016.
The Central Bank of Russia ended 2016 with 1614.267 tonnes of gold on their balance sheet.
Central Bank of Russia Adds One Million Ounces of Gold In March and April – 2.3 Million ounces in 2017
In April 2017, the Central Bank of Russia added 200,000 ounces (6.22 tonnes) of gold to her reserves, raising her total to 1685.908 tons or 54.2 million ounces. 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 436 tons of gold to her reserves from June 2015 to April 2017.
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Since 2009, Russia has added over 1,000 tons of gold to its reserves more than China who added about 775 tons during the same time period.
Russian Monthly Gold Purchases June 2014 – April 2017
Russia has added 19.5 million ounces (approximately 606 tons) to its reserves from June 2014 through April 2017.
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Russia Adding Gold To Reserves At A Faster Pace Than China
From March 2016 to April 2017 China added 45 tonnes of gold to its reserves, while Russia added 224 tonnes, or 384% more.
The People’s Bank of China’s gold reserves as of April 2017 are at the same level as of November 2016. The Central Bank of Russia added 2.3 million ounces (71.54 tons) of gold from November 2016 to April 2017.
Russia has added about 122 more tonnes of gold to its reserves than China from November 2015 – November 2016.
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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Russia has the sixth largest gold reserves of any nation.
Overall Russian Reserves
The reserves of the Central Bank of Russian have grown $29 billion or about 8% since January 2016.
Russia has also overtaken Saudi Arabia as the world’s largest crude oil producer and seller of oil to China.
2016 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.
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.
In August official reserve assets rose to $395,198.4 million and foreign currency reserves rose to $318,254.1 million.
In September official reserve assets rose to $397,743.4 million and foreign currency reserves rose to $320,381.3 million.
In October official reserve assets fell to $390,740.9 million and foreign currency reserves fell to $314,824.4 million.
In November official reserve assets fell to $385,288.3 million and foreign currency reserves fell to $312,395.8 million.
In December official reserve assets fell to $377,741.3 million and foreign currency reserves fell to $307,971.4.
In January 2017 official reserve assets rose to $390.585 billion and foreign currency reserves rose to $317,914.2
In February 2017 official reserve assets rose to $397.334 billion and foreign currency reserves rose to $320,573.6 million.
In March 2017 official reserve assets rose to $397.907 billion and foreign currency reserves fell to $320,457.20 million.
In April 2017 official reserve assets rose to $400.997 billion and foreign currency reserves rose to $321,497.70 million.
Gold represented about $68.7 billion of Russia’s overall reserves at the end of April 2017, or about 17%.
Russian U.S. Treasury Holdings
Russia’s U.S. Treasury Bond Holdings February 2017-February 2017
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 March 2017, Russia held $99.8 billion in U.S. Treasury Bonds down from $131.8 billion in January 2014 but up from $66.5 billion in April 2015.
Russian Holdings of U.S. Treasuries in March 2017 were at their highest level since November 2014
Russian gold and reserve data from the Central Bank of the Federation of Russia
Further reading on Russia’s gold production:
Russia’s VTB bank to supply 15-20 T of gold to China in next 12 months Russia to increase gold production
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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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