Russian gold

Bibliographic data

Monograph

Identifikator:: 1772009490

URN:: urn:nbn:de:zbw-retromon-156190

Document type:: Monograph

Title:: Russian gold

Place of publication:: [New York]

Publisher:: Amtorg Trading Corporation, Information Department

Year of publication:: 1928

Scope:: 72 S.

Digitisation:: 2021

Collection:: Economics Books

Usage license:: Get license information via the feedback formular.

Chapter

Document type:: Monograph

Structure type:: Chapter

Title:: The Soviet Gold Reserve (1921-1923)

Collection:: Economics Books

ne 0 ed es ut “0 Id ed as he MT et id, ng of oy ad he se ut 9, of ad ell he ad {Cn or Ad ry oe 1 =Q 34 = 8 76 40 2) § which became available only in the latter part of 1920 with the Progressive pacification of the country. Meanwhile, however, the Government in order to pay for indispensable imports, also to meet international obligations assumed under the peace treaties with the new contiguous states (Esthonia, Latvia, Poland) begar to export gold in large quantities, chiefly to Sweden, whence after further refining and stamping, the gold found its way to the United States direct, or to other European countries (e. g., Switzerland, France, etc.) and ultimately to the United States. There are no Russian data regarding the volume of these gold exports, which commenced in 1920, reached their peal in 1921 and continued in large volume during the following year. According to the Swedish official. trade statistics, gold imports from Russia and total gold exports from Sweden during the three years mentioned were as follows (in thousands of kronor of 26.8 cents each) - Swedish Imports of Gold from Russia and Total Exports of Gold from Sweden, 1920-1922 Total gold exports from Sweden (kronor) 63,791,000 934,396,000 330,372,000 . Total snr incon. by 28 13 888,000 1,328,559,000 Equivalent in dollars ........... .. 331,739,000 855,963,000 Gold imports from Russia Of the gold exported from Sweden during these three years, 563,319,000 kronor, or 42.4 per cent of the total exported, went to the United States; 433,854,000 kronor, or 32.6 per cent, was shipped to Switzerland; while 215,386,000 kronor, or 16.2 per cent of the three years’ total, was forwarded to France. Smaller amounts are shown to have been consigned from Sweden tq the Netherlands, Great Britain, Germany, and Finland. Gold exports (largely coin) to Switzerland from Sweden were particularly heavy during 1921 and 1922. The Swiss figures of gold imports from Sweden for the same period differ but little from corresponding Swedish export figures. Most of the gold imported into Switzerland in coin form Was re-exported to the United States in the shape of bullion so as to comply formally with the provisions of the American regulations which prohibited the official assaying of gold traceable to Russia under Bolshevik control. A small part of the gold thus received was re-exported from Switzerland to India. Gold imports into the United States from Sweden during the three years under consideration are shown in the official United 20

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