Russian central bank chief warns about credibility of euro ...News

Russia Today - Economy
Russian central bank chief warns about credibility of euro
source : Russia Today ( News ) () 69
The currency’s reputation has been jeopardized by Brussels’ freezing of Russian assets, Elvira Nabiullina says The euro could lose its status as a global reserve currency if Brussels goes through with threats to use frozen Russian assets to help Ukraine, the head of the Russian central bank, Elvira Nabiullina, warned on Friday. “As for the withdrawal of income from investing frozen funds, both the withdrawal and, in principle, the freezing of funds, in our opinion, worsens the prospects for the development of the euro as a reserve currency [and] its use in international settlements,” she said at a press briefing.

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