Russia’s gold reserves reached a record high of $207.7 billion in October, according to the country’s central bank.
The share of gold in Russia’s international reserves rose from 31.5 per cent last month to 32.9 per cent, marking the highest proportion since November 1999, when it stood at 34 per cent.
The highest-ever proportion of gold in the reserves was 56.9 per cent on January 1, 1993, while the lowest was 2.1 per cent in June 2007, reports Xinhua, citing Russia’s RIA Novosti news agency.
Data from the Bank of Russia shows that the country’s international reserves decreased slightly, from $633.7 billion in September to $631.6 billion in October.
(Inputs from IANS)
