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to July of the record an increase in the export sales of gold. Monetary policy report 12 No. 3 (31) · July 2020 1. Economic outlook

market was driven mainly by gold pro- pared to the previous year (in July, foreign cur- ducers (amid growing gold prices), IT companies rency sales

Monetary gold 110,376 0 8,047 1,417 119,840 Gold bullion 110,376 0 8,047 1,417 119,840 Unallocated gold accounts

4] – Bank of Russia interventions in the domestic FX market and monetary gold 0.4 0.1 0.0 0.1 purchases** – regulation of banks

quantities of gold exports continued to USD 0.4 billion due to the international flight increase owing to the growth of the world gold restrictions

growth of the global economy. On the other hand, the export of gold was higher than The value of imports decreased by 6% in during

100 rubles; — a gold coin in the denomination of 50 rubles; — a gold coin in the denomination of 100 rubles; — a gold coin in the

and gold assets by currency* Figure 11: Bank of Russia foreign exchange and gold assets by credit rating, % (% of market value) Euro US dollar Gold

and gold assets by currency* Figure 11: Bank of Russia foreign exchange and gold assets by credit rating, % (% of market value) Euro US dollar Gold