Russia bets on China with major yuan boost in its foreign currency reserves ...News

Russia Today - Economy
Russia bets on China with major yuan boost in its foreign currency reserves
source : Russia Today ( News ) () 86
The share of yuan-denominated assets among Russia’s gold and foreign exchange reserves has climbed to 14.2 percent of the country's $532 billion total holdings, according to central bank data as of the end of March. Statistics from the Central Bank of Russia (CBR) show Russia’s investments in China increased by 8.7 percentage points over the year. The share of the Japanese yen has also grown sharply, rising from 1.7 percent to 10.2 percent. Also on rt.com Golden rule: Russia brings bullion & foreign currency reserves to new highs Meanwhile, the share of

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