Russia Is Rapidly De-Dollarizing Its $500bn Foreign Reserves
The Central Bank of Russia (CBR) purchased a record 8.8mn ounces of gold, or about 274 tonnes, in 2018, according to the regulator's website, up from the 7.2mn ounces (224 tonnes) the central bank bought in 2017, an increase of 22.2% y/y, the CBR reported on January 18.
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