The problem of redundancy of gold and currency reserves in the context of ensuring economic security of Russia

Today, Russia has significant gold and currency reserves, which partly has a positive effect on the economic sovereignty of the country as a necessary element of economic security. However, the presence of reserves in excess of the necessary level to maintain the economic stability of the national economy leads to new threats to economic security. The article analyzes the volumes of gold and foreign exchange reserves of Russia, provides an assessment of economic security by the indicator “the ratio of the foreign exchange reserves of the Russian Federation to the volume of imports of goods and services” in accordance with the methodology of the International Monetary Fund, as well as the negative consequences for the economy of the excess level of foreign exchange reserves.