Proportion of gold in foreign exchange reserves: 9.7%

Russia began to increase its gold reserves, mostly from Switzerland and China. Due to the increasing economic sanctions imposed on it by the west, the Russian central bank decided to buy more gold in August to diversify the US dollar and euro reserves.

1. Gold reserve refers to the gold held by a country's monetary authorities as a financial asset to balance the balance of payments and maintain or influence the exchange rate level. It plays a special role in stabilizing the national economy, curbing inflation and improving international reputation.

2. The significance of gold reserve management lies in realizing the greatest possible liquidity and profitability of gold reserves. As one of the main forms of international reserves, gold reserve has its own limitations in liquidity, and its moderate scale should be considered.

3. Chinese name gold reserve mbth gold reserve introduction "Ci Hai" interpretation of "reserve" correctly understands the concept of gold reserve, which is an international reserve to stabilize the national economy, curb inflation and improve international credit.

The definition of "reserve" in Ci Hai is "save it for use". 1965G- 10 the report of the creative reserve assets research group defines reserves as all assets held by a country's monetary authorities that can be directly or safely exchanged with other assets to support its exchange rate level when the balance of payments is in deficit.

4. There are two main expressions of the concept of gold reserve: one is to regard gold reserve as a kind of monetary gold, that is, the gold held by a country's monetary authorities as financial assets; Another view refers to the total amount of gold held by central banks and other official institutions to meet international payment needs. The similarity between these two expressions is that gold is regarded as a financial asset, so it can be seen that gold for non-financial purposes is not within the scope of gold reserves. From the extension of the concept, the former refers to the gold reserve, which seems to contain a wide range of contents, while the latter only refers to the gold held by a country's central bank and officials, and its purpose is very clear, that is, the gold held is "to meet the needs of international payment". However, gold as a financial asset is not necessarily a gold reserve, because gold as a financial asset has many forms and uses. For example, banks in some countries use gold as a credit asset together with other credit instruments. Others use gold as a means of investment in the form of money and maximize profits in the form of commodities. Although this form of gold belongs to financial assets, it should not be included in the scope of gold reserves. Therefore, only those gold controlled by a country's central bank can maintain or influence the exchange rate level to a certain extent, so as to balance the balance of payments, and the relatively stable gold as a financial reserve asset is the real gold reserve.