1,948 tons is the growth of Russia’s gold reserves since 2000, which has become the world leader in increasing monetary gold reserves, Visual Capitalist states

Russia and China account for more than half of all gold reserves accumulated by central banks over the past 25 years

Since the turn of the century, central banks have steadily increased their gold reserves, and this trend has increased dramatically in the last few years. As trust in traditional reserve currencies such as the US dollar is being tested by inflation, sanctions, and shifting alliances, many countries are turning to gold as a strategic store of value.

CRYSTAL OF GROWTH previously cited Alexander Galushka’s opinion that the devaluation of national reserves, including an increase in the share of gold, is the right decision, and “de—dollarization of the global economy is the correction of a historical and theoretical mistake.”