Russia entrusts its gold to no one, has zero bullion in US

Russia entrusts its gold to no one, has zero bullion in US

The Central Bank of Russia keeps all its bullion at home, since only in Russia can its gold be completely safe, according to Anatoly Aksakov, the chairman of the State Duma Committee on Financial Markets. Answering a question about Turkey’s decision to repatriate its gold from the US Federal Reserve, Aksakov said: “We do not have a gold reserve in the US, we have only Forex (foreign exchange) reserves abroad.

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