Russia burns through gold reserves amid economic turmoil

https://www.newsweek.com/russia-gold-bank-interest-war-2029378

by newsweek

2 comments

  1. By Brendan Cole – Senior News Reporter:

    Russia’s gold reserves fell sharply at the end of last year, partly caused by the country’s record-high interest rate imposed by the country’s central bank to cool the economy.

    Citing data from Russia’s Central Bank, business outlet RBC said that during 2024, gold reserves had fallen by nearly half (46.4 percent), or over 33 metric tonnes.

    Read more: [https://www.newsweek.com/russia-gold-bank-interest-war-2029378](https://www.newsweek.com/russia-gold-bank-interest-war-2029378)

  2. I wonder if they will run out of bullets or gold first?

    Maybe they’re now making their bullets out of gold?

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