The Central Bank of the Russian Federation assured that all gold from gold and foreign exchange reserves is in its storage facilities in the country, writes TASS.
“All gold from our gold and foreign exchange reserves is located in the warehouses of the Bank of Russia in our country,” – notes the Central Bank.
In the Bank of Russia, they noted that gold and foreign exchange reserves are a tool, due to which the central bank can protect the economy from external crises. In difficult situations, they ensure the payment of foreign exchange debt, critical imports, stabilize the foreign exchange market. “Store reserves within the country or spend them within the country – it’s like not to have any reserves, in general no protection against external crises,” notes the Central Bank.