The Russian central bank published its annual report, in which it also discussed the structure of Russia's gold and foreign exchange reserves at the beginning of the year.
According to the central bank report, most of Russia's reserves were in euros,
and most of the gold and foreign currency reserves held abroad were in China.
According to the annual report of the central bank, at the beginning of this year, the value of gold and foreign exchange reserves was 612.9 billion dollars, of which 481.4 billion dollars was foreign currency and 131.5 billion dollars was gold.
According to the table published by the central bank, on January 1 this year, 33.9 percent of gold and foreign exchange reserves were in euros, 21.5 percent in gold, 17.1 percent in yuan, 10.9 percent in dollars, 6.2 percent in British pounds, 5.9 percent was in yen, 3.2 percent in Canadian dollars, 1 percent in Australian dollars and 0.3 percent in Singapore dollars.
21.5 percent of the Russian reserve is in Russia, 16.18 percent in China, 15.7 percent in Germany, 9.9 percent in France, 9.3 percent in Japan, 6.4 percent in the United States, 5.1 percent in the United Kingdom, 4 .3 percent were placed with intergovernmental organizations, 2.7 percent in Canada, and 2.5 percent in Austria.
The Russian authorities previously admitted that it was due to foreign sanctions imposed due to the Russian war against Ukraine
About half of Russia's total reserves were frozen.
At the same time, Russia could consciously reduce the role of the dollar among central bank reserves. reduced by less than in 2017-2018, which could even mean preparations for war.
MTI
Featured image: neokohn.hu
