A Bloomberg story making the rounds this week points out that the value of Russia’s monetary gold reserves has increased by $216 billion since February 2022, offsetting much of the roughly $300 billion in Russian reserves Western countries are trying to steal.
RT takes a look inside the somewhat opaque world of Russia’s gold holdings.
What Russia’s gold reserves are – and what they are not
The headline gold reserve figure published by Russia’s central bank (CBR) does not actually include all the gold held by the Russian state. It refers to only those gold holdings that qualify as monetary gold under the IMF definition – meaning it must be held…
Read the full article at RT.COM
