Russia slashes dollar & euro from reserves in favor of gold & yuan ...News

Russia Today - Economy
Russia slashes dollar & euro from reserves in favor of gold & yuan
source : Russia Today ( News ) () 10
The Central Bank of Russia (CBR) said in its annual report that in 2020 it reduced the share of the euro, the dollar and the pound in the country's international reserves in favor of gold, yuan and other currencies. Thus, the share of the euro in Russia’s forex reserves decreased over the past year by 1.6 percentage points to 29.2% as of January 1. The share of the greenback dropped 3.3 percentage points, to 21.2%. The British pound’s share was also slightly down – by 0.2 percentage points, to 6.3%. At the same time, Russia’s gold reserves surged to 23.3% from 19.5% a year earlier. The Chinese currency also saw a boost, with yuan holdi

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