By Yelena Fabrichnaya, Lidia Kelly, and Maria Kiselyova Reuters Wednesday, September 28, 2016
http://www.reuters.com/article/russia-cenbank...idUSR4N1BY01...
Russia's Central Bank is ready to continue buying gold from banks but has no quotas or objective to increase the metal's share in its gold and foreign exchange reserves, the bank's First Deputy Governor Dmitry Tulin said on Wednesday.
"We are not currently selling foreign currency from reserves but keep buying gold, for which prices are rising, which has led to a rise of gold's share in reserves," Tulin told reporters.
"We don't have an operational target of increasing gold's share in reserves but it may grow naturally," he said, adding the bank had made an offer to banks to buy gold.
