Gold as a part of foreign exchange reserves reached 40.1 USD bil in 2013 in Russia, according to the National Statistical Office. This is 21.8 % less than in the previous year.
Historically, gold as a part of foreign exchange reserves in Russia reached an all time high of 51.2 USD bil in 2012 and an all time low of 3.23 USD bil in 1994. When compared to Russia's main peers, gold as a part of foreign exchange reserves in China amounted to 40.8 USD bil, 131 USD bil in Germany, 29.6 USD bil in Japan and 315 USD bil in USA in 2013.
Russia has been ranked 7th within the group of 110 countries we follow in terms of gold as a part of foreign exchange reserves, 5 places above the position seen 10 years ago.
A gold reserve is the gold held by a central bank or nation intended as a store of value and as a guarantee to redeem promises to pay depositors, note holders, or trading peers, or to secure a currency.