Russia spends its gold reserves?
reports Mehr News Agency , RBC Business Base, citing Russian Central Bank data, announced that during the year, the country’s gold reserves have declined by about half (4.9 percent) or more than 5 tonnes. /p>
Reducing gold reserves in the midst of a record price breakdown occurs. The Russians accumulate assets that are regarded as a safe asset in response to high inflation and rigid sanctions that reduce the value of Russian currency.
RBC reported on Tuesday that the physical reserves of gold from Russian banks were reduced to 1.5 billion rubles worth $ 1.5 billion, the lowest level since July 1, the lowest level since July 1 .
The Central Bank announced that Russian gold reserves decreased by 4.9 percent last year, but for physical gold it was 4.9 percent, the biggest drop in the year. ۱۲۲۲ It was at the height of the epidemic Corona .
RBC
RBC pointed out that experts partially reduced gold reserves at a key interest rate of 5 % by the central bank to counter inflation of 4.3 % in the economy due to high military costs And the shortage of labor was too hot, they were associated.
However, gold prices reached its highest level five times last year. According to the World Gold Council, since Tuesday, gold was traded a little over $ 2, according to the World Gold Council.
The organization said in a report last week that Russian consumers bought 5 meters of gold a year, which increased by 5 % and 2 percent more than last year. , The year before the Moscow invasion of Ukraine.
Intensification of sanctions has made gold buying attractive to traditional investments, especially as the ruble has reached the lowest historical limit, and transboundary payment constraints have diversified investments abroad. Made more difficult for Russian citizens.
Despite the decline in gold reserves, Russia was the second largest producer of this precious metal in the world in the year compared to the previous year. Russian gold production is expected to increase by year 2.
