Russia Now Holds More Gold Than U.S. Dollars For The First Time On Record!

From BloombergQuint (bold added for emphasis and commentary):

A multi-year drive to reduce exposure to U.S. assets has pushed the share of gold in Russia’s $583 billion international reserves above dollars for the first time on record. Gold made up 23% of the central bank’s stockpile as of the end of June 2020, the latest date for which data on the breakdown is available, according to a report published late Monday. The share of dollar assets dropped to 22%

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