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Russia’s Reserves Continue to Climb

Duncan Richardson, News Editor
5 Nov 2013, 10:51 a.m.

The Central Bank of Russia recently announced that their international reserves increased during the month of October from $511.1 to $517.0 billion dollars. As well as gold, Russia’s international reserves consist of SDR holdings and reserve positions in the IMF. According to the World Gold Council Russia has over 990 tonnes of gold in reserve and are the world’s 9th largest holder of gold.

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