Russia dumps half its US dollar holdings, while boosting gold, yuan & euro share of forex reserves ...News

Russia has halved the US currency share from its international reserves in one year, opting instead to increase gold, yuan and euro holdings, recent data from the country’s central bank shows. The greenback share fell from 43.7 percent to 23.6 percent in 12 months from March 2018, the Central Bank of Russia (CBR) said in its report released on Tuesday. The document was published with six month delay due to “high price sensitivity to the actions of major market participants,” including the CBR itself, the regulator explained. © The Central Bank of the Russian Federat

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