Russia increased its gold reserves in 2023

Mondo Finance Updated on 2024-02-12

Last year, the ** reserves of the G20 countries increased by a total of 213 tons, of which about 16 tons came from Russia, according to RIA Novosti statistics based on data from the ** banks of various countries. As of the end of last year, Russia's reserves totalled 2,351 tonnes, the fifth highest in the world.

China added its most** reserves last year, by a whopping 224 tonnes, bringing its total reserves to 2,236 tonnes. Australia followed with a third-year-high increase in its reserves, or 21t, to a total of 775 tons. India also added 17 tonnes to bring the total reserve to 804 tonnes. Mexico purchased about 1 tonne**, bringing the total reserve to 121 tonnes. France added 03 tonnes**, bringing its total reserve to 2,437 tonnes.

However, two major economies reduced their reserves: Turkey reduced its holdings by 60t and Germany by 25 tons. As a result, their ** reserves are left with 726 respectively5 tonnes and 3,356 tonnes.

The US has long held the lead in terms of the size of its reserves, which stood at 8,133t at the end of last year. Reserves in Italy (2,452t), Japan (846t) and the UK (310t) also remained stable.

Among the emerging market countries, Saudi Arabia (323 tonnes) and South Korea (104.)5 tons) is the most significant. Brazil has a stockpile of 130 tonnes**, Indonesia has 79 tonnes and Argentina has 62 tonnes.

It is worth noting that Canada is the only country in the G20 that does not have ** reserves.

Overseas** report.

The content of this article is written for the purpose of collecting data from a number of overseas ** and analyzing it, and is only for learning and exchange].

Related: The Russian Economy in the Context of War: A Review of 2023 – Resilience.

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