Central Bank of Russia Diversifies More Reserves into RMB, Lowers USD Reserve

Posted on 05/15/2019

The Central Bank of Russia has been diversifying its foreign currency reserves over the past years. The central bank is accelerating the process due to the economic and political risks that it is facing. The central bank has recently boosted holdings of Chinese yuan and lowered the share of U.S. dollars in its reserves. In […]

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