Russia’s sovereign wealth fund cuts US dollar reserves to ZERO ...News

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Russia’s sovereign wealth fund cuts US dollar reserves to ZERO
source : Russia Today ( News ) () 13
Russia has eliminated US currency from its National Wealth Fund while boosting the share of the euro, the Chinese yuan and gold, the country’s Finance Ministry announced on Tuesday. The proportion of US dollars in the fund was reduced from 35% to zero, while the share of the British pound was lowered to 5%. The shares of the euro and the Chinese yuan were increased to 39.7% and to 30.4%, respectively. The share of the Japanese yen stands at 4.7% and the share of non-cash gold is 20.2%, the official statement by the Finance Ministry reads. Also on rt.com Ruble strengthens to

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