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Central Bank of Russia keeps increase gold reserve
2015/1/24 10:58:51

Accordingto the information for the CBR website, up to Jan 1st, the goldreserve was increased from 38.2 to 38.8 million ounce compare with one monthbefore. And this reserve is three times more than the reserve in 2005. EvenRussia has been confronted the exchange market shock, and forced to use itsforeign exchange reserve to save the RUB in the recent months, this increasedid not stop. What’s more, the foreign exchange reserve has dropt because ofthe nose dive of the oil price.

But from the other hand, the gold reserve onlyshare 11% of the total foreign exchange reserve, while theUSAis 72% andGermanyis 66%.