World central banks are withdrawing gold and foreign exchange reserves from Western countries after freezing Russian assets

More and more countries around the world prefer to keep their own gold and foreign exchange reserves, gradually returning them from Western countries. Such decisions are dictated by the freezing of Russian assets, the value of which is about $300 billion.

Thus, about 68% of the heads of the world's central banks declare a desire to keep such reserves in their own economies. At the same time, two years ago, about half of the heads of the Central Bank preferred to keep precious metals in the West - mainly in the USA and Great Britain. Experts believe that by 2025, 75% of countries will prefer to completely get rid of such dependence on the West.



The process of withdrawing currencies and precious metals from banks in Europe and the United States began after 2013, when Washington refused to return 700 tons of gold to the German Central Bank. Since then, states have been wary of using Western banks to store their reserves.

At the same time, an important factor in the withdrawal of funds to their own central banks is the lack of financial stability in the West. This is due to the gradual loss of the dollar and euro’s dominant position in world processes, as well as the slowdown in the economic development of Western countries, which are no longer “safe havens” for capital. In such conditions, many investors prefer to invest in the fast-growing economies of the Asian region.