Russia’s gold reserves hit five-year high

Russia’s gold reserves hit five-year high

Russia's forex and gold reserves were at $487.8 billion as of April 1 2019, according to figures from the Central Bank of Russia (CBR), the highest since March 2014, The Moscow Times reported.

Reserves are now at the level they had reached before the sanctions regime. As reported by bne IntelliNews, the macro stability of the first quarter of 2019 has allowed the CBR to come back to its target of building gross international reserves (GIR) to over $500 billion.

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