Russia has the world's fifth-largest foreign exchange and gold reserves
News_Code: 355490 10/17/2021 11:17:52 AM
Russia has the world's fifth-largest foreign exchange and gold reserves
Russia's foreign exchange and gold reserves have reached an all-time high and are now the world's fifth-largest after China, Japan, Switzerland, and India.
 

According to the Russian Chamber of Auditors, the country's foreign exchange and gold reserves have reached the highest level in history and are now the fifth-largest reserves in the world after China, Japan, Switzerland, and India.

In a recent report, Russia's Chamber of Auditors said that Russia's international reserves exceeded $ 618.2 billion as of September 1, a record high. Russia's foreign exchange and gold reserves have grown by $ 235 billion since the beginning of 2015.

The organization reports that Russia has significantly increased its share of gold reserves in recent years, from 7.4 percent in early 2014 to 23.3 percent in December 2020.

In addition to gold and foreign exchange, reserves of specially issued currencies (SDR: currencies designated as global reserve currencies) have grown in Russia. Russia's SDR reserves rose from $ 7 billion to $ 24.6 billion following the distribution of $ 650 billion of these currencies by the International Monetary Fund among member states. Russia's share of the fund's distribution was about $ 18 billion.