Russia's central bank sold four tonnes of gold and 2.59 billion yuan (USD$365 million) from the National Wealth Fund (NWF) accounts to raise additional money to finance the budget deficit, according to the Finance Ministry. The sale took place in May and helped allocate 48.97 billion rubles (USD$606 million) to fund the deficit. "In May 2023 … a portion of NWF money at accounts with the Bank of Russia totaling 2.59 bln yuan and 3.86 metric tons of gold in the depersonalized form were sold at 48.967 bln rubles. The money earned was credited at the integrated federal budget account to finance its deficit," the ... (full story)