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Russia's gold & currency reserves hit record highs as Moscow warns of ‘unprecedented pressures' from inflation on world economy

12 days ago   |   By RT

Russia's international reserves have reached historic levels, with the country investing in assets like gold and foreign currency amid growing economic uncertainty with inflation spiking steeply after a global borrowing spree.
On Thursday, Moscow's Accounts Chamber revealed that the nation has more overseas assets on hand than ever before. “The volume of Russia's international reserves now exceeds 61 billion US dollars,” a statement from officials reads. “This is a historic record. No such figure has been achieved before in the whole existence of the Bank of Russia.”
“At present,” the...
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Russia holds world's fifth-largest gold & foreign currency reserves

Russia holds world's fifth-largest gold & foreign currency reserves

12 days ago   |   By RT

Russia has reached a historic record in international reserves, ranking fifth in the world after China, Japan, Switzerland and India, the Accounts Chamber said after an audit of the country's gold and foreign exchange holdings.
“ The volume of Russia's international reserves exceeded $618.2 billion. This is a historic record - during the entire existence of the Bank of Russia, such indicators have not been achieved. Since the beginning of 2015, the amount of reserves has grown by 235 billion US dollars ,” the Accounts Chamber said in its recent report.
The agency notes that in recent years...
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