The Central Bank of Russia buying new gold reserves in June 2016 reaching 1,500 tonnes

In April 2016 , the Central Bank of Russia has added 600,000 ounces of gold ( 18.662 tons ) reaching almost 1,500 tons ( 1,499.19 tons) of gold as part of its foreign exchange reserves . The Central Bank of Russia totaled 6,700,000 troy ounces of gold (208 tons ) to their gold reserves in 2015 .
Russia bought 700,000 ounces ( 21 tons ) in January 2016 , 300,000 ounces (9.33 tonnes ) in February, 500,000 ounces in March, 500,000 ounces ( 15.55 tonnes ) in April, 100,000 ounces (3.11 tons ) in May 2016 and finally 600,000 ounces ( 18.66 tonnes ) in June 2016 .Why the Central Bank of Russia not to buy new official gold reserves?
The Bretton Woods monetary system allowed the central banks to exchange their dollars for physical gold with the Federal Reserve-Fed (the US Central Bank). The Bretton Woods monetary system held back the dollar as world reserve currency, through the creation of the petrodollar. With the new -established facto monetary system in 1971, all world currencies passed to a free floating system and supported its currency with the ability to generate economic activity in their jurisdiction and the quality of its balance sheet. The major central banks (the Federal Reserve, the European-ECB Central Bank, the Bank of England and the Central Bank of China) have gold as a key component of its international currency reserves to build confidence in their currencies.
As part of the new monetary and financial system to be created in the coming years or decades, it is defining a new bipolar system between the areas of influence of the West (USA, Europe, etc.) and East (China, Russia, etc). The objective of gold purchases by central banks to diversify their reserves and support its balance with the only asset that can not be manipulated by another central bank. And perhaps also pave the way for the next phase of the international monetary system that meets the power structures of the present and the future, as recently we noted based on the video of the International Economic Forum where the three possible scenarios for the future system explained International Monetary.