The upward momentum in gold also supported the increase in reserves.
According to CBRT data, gross reserves increased to 192.3 billion dollars as of the week of December 19. The previous week, gross reserves were recorded as 190.8 billion dollars.
In the same period, net reserves increased from $79.6 billion to $80.4 billion.
Net reserves excluding swaps continued to rise, albeit more moderately. In the week of December 19, net reserves excluding swaps increased from 66.2 billion dollars to 66.7 billion dollars.
