The IMF could not but pay attention to recent actions of the Russian authorities. It turned out that the Bank of Russia became the world’s largest buyer of gold among all central banks of the planet as of January 2016. Bank of Russia acquired 688,000 ounces of gold.
The statistics did not include China. Reportedly, the Chinese central bank purchased about 520,000 ounces of gold in January.
Contributed By Sonia Narula