The Russian Federation currently ranks sixth in terms of foreign exchange reserves in the world. The newspaper writes that the Russian Federation displaced Saudi Arabia, which fell to seventh place in the relevant ranking. “News”Based on data from the World Gold Council.
According to the publication, Russia’s foreign exchange reserves amounted to 442 billion dollars at the end of 2023. In this ranking, above the Russian Federation are China ($3.3 trillion), Japan ($1.2 trillion), Switzerland ($755 billion) and India ($574 billion). and Taiwan ($564 billion). Saudi Arabia’s foreign exchange reserves are 439 billion dollars.
As Izvestia notes, in terms of all reserves in general (not only foreign currency, but also gold), the Russian Federation also ranks sixth with an indicator of $ 598 billion.
BCS Forex analyst Anatoly Trifonov told the newspaper that Russia is filling its foreign exchange reserves with yuan. Anton Polyakov, associate professor at the Financial University under the Government of the Russian Federation, told the publication that the main factors affecting the amount of reserves are oil and gas revenues, as well as the exchange rate and revaluation of gold.
Formerly the Federal Customs Service was recorded A significant increase in gold exports by individuals outside Russia.
Russians before saidWhen to buy dollars?