Published: 2021.07.08. The Ministry of Finance of the Russian Federation will buy gold for the country's reserves

The Ministry of Finance of the Russian Federation will buy gold for the country's reserves - Vista previa

The ministry said in an official statement that it intends to spend 296 billion rubles ($ 4.04 billion) on the purchase of foreign currency and gold to replenish the state's international reserves.
However, the message does not indicate the details of the upcoming purchases of the yellow precious metal. Plans to buy gold for reserves were voiced by the financial authorities of Russia for the first time in a long time, since from April 1, 2020, the purchase of the precious metal was temporarily suspended by the country's Central Bank without explanation.