Thursday, March 28th 04:43 PM IST

Russia Gold,forex reserves grew 5%

# Russia gold  # Bank Rossii  # Russia gold buying  

Russian central bank said country's foreign exchange and gold reserves grew by 0.5% to $522.4 billion in the period between March 15 and March 22.

MOSCOW(BullionStreet): Russian central bank said country's foreign exchange and gold reserves grew by 0.5% to $522.4 billion in the period between March 15 and March 22.

In a statement, the bank said foreign exchange and gold reserves comprise monetary gold, foreign currency, and Special Drawing Rights, the currency of the International Monetary Fund.

Foreign currency includes the foreign currencies of the Central Bank of Russia and the Finance Ministry in paper money, reverse repo agreements with nonresidents, accounts with foreign banks rated at least A by Fitch and Standard & Poor’s and at least A2 by Moody’s, as well as government or other bonds issued by nonresidents with similar ratings.

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