Financial Analytics: Science and Experience

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Financial Analytics: Science and Experience

43(133) - 2012 November

Gold as element of international reserves, and its impact on financial results of the Central Bank of the Russian Federation

Vol. 5, Iss. 43, NOVEMBER 2012

Available online: 22 November 2012

Subject Heading: Banking

JEL Classification:

Smirnova O.V. PhD in Economics, Associate Professor of department "Economy and Finance", the Tver branch of the Russian Academy of National Economy and Public Service under the President of the Russian Federation
smirnova-tgu@yandex.ru

In article the gold role as a part of the international reserves is considered, its evolution as monetary goods is shown. The statistical data characterizing operations of the Central bank of the Russian Federation with gold and other precious metals are provided. The methodology for calculating the bank's profits in operations with precious metals is offered.

Keywords: gold, precious metal, international reserves, profits, the Central bank

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ISSN 2311-8768 (Online)
ISSN 2073-4484 (Print)

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