MOSCOW, November 24 (RIA Novosti) - The Russian Central Bank could increase the share of gold in the national gold and currency reserves, a senior bank official said Thursday.
First Deputy Chairman of the Central Bank Alexei Ulyukayev said the bank would be purchasing gold "on all markets on which it is available," meaning both domestic and foreign markets.
He also said the bank has not been increasing the share of gold in the past few years and confirmed a $60-billion increase in gold and currency reserves by year's end.
On November 22, Russian President Vladimir Putin said he was in favor of putting more precious metals in the Central Bank's gold and foreign currency reserves.
Add to blog
You may place this material on your blog by copying the link.
Image Galleries: Hungry Hippos, Tiny Tamarins and Other Animal News
Infographics: First Russian Smartphone
Russia has surged ahead on the foreign policy stage, but this is not enough to remain a great power. The tough-minded policies and masterful diplomacy of Russia’s leadership have maximized the country’s position in the world, and are now the main source of its international influence and prestige. Russia’s foreign policy in the next decade depends entirely on what happens at home.