February 26, 2018

Russia overtakes China in gold reserves race to end US dollar dominance

The Central Bank of Russia (CBR) boosted its holdings of gold by almost 20 metric tons last month, with reserves reaching 1,857 tons. It has increased its holdings every month since March 2015.

Russia is now among the top five gold holders after surpassing China, which reportedly holds 1,843 tons. Over the last 15 years, Moscow and Beijing have been aggressively accumulating gold reserves to cut their dependence on the US dollar. Read more.


- Russia's Central Bank Gold Hoard Is Now Bigger Than China's - Bloomberg
- Russia Surpasses China With Massive Gold Purchases In January - ZeroHedge

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