Page 46 - RusRPTJul19

5.2.4 Gross international reserves
Russia’s gross international reserves reached $510.2 as of June 21, passing through the $500bn mark that the CBR said was its unofficial comfort target.
Reserves have been rising steadily all year and increased again from $495bn at the end of May, or about 13 months of import cover.
Russia became the leader in gold purchases in 2019.
World central banks, including regulators in Russia and China, have increased their gold purchases in the first three months of this year to a maximum of six years, according to data from the World Gold Council (WGC).
The total amount of the country's gold reserve exceeded 2,168 tons. In 2018,
46 RUSSIA Country Report July 2019 www.intellinews.com