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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

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    Russia's central bank cuts the 2017 euro reserve for the dollar, gold and yuan

    Rocky
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    Russia's central bank cuts the 2017 euro reserve for the dollar, gold and yuan Empty Russia's central bank cuts the 2017 euro reserve for the dollar, gold and yuan

    Post by Rocky Sat 05 May 2018, 2:32 am


    Russia's central bank cuts the 2017 euro reserve for the dollar, gold and yuan

    22:00 - 04/05/2018
    0



    Russia's central bank cuts the 2017 euro reserve for the dollar, gold and yuan %D8%A7%D9%84%D8%B0%D9%87%D8%A8-%D9%88%D8%A7%D9%84%D8%AF%D9%88%D9%84%D8%A7%D8%B1
    Information / follow up ..
    Russia's central bank announced Friday that it significantly reduced last year's share of the euro in the reserve structure and redistributed assets in favor of the dollar, gold and yuan.
    "Assets denominated in US dollars and euros in 2017 maintained a dominant position in the structure of the Russian central bank's assets in foreign currencies and gold," the central bank's annual report said. Other currencies included Canadian assets (3.1 percent), Australian (1.0 percent), and yuan assets (2.8 percent). Account balances in the Japanese yen and the Swiss franc were small. "
    The share of other currencies rose due to investments in yuan-denominated assets. The IMF recognized the currency of the People's Republic of China only at the end of 2015 as a reserve, and the Central Bank of Russia's investment in the currency in 2016 is only 0.1 percent.
     
    The share of the euro in Russian reserves fell abruptly last year, by 10.5 percentage points - to 21.7 percent from 32.2 percent. Meanwhile, the dollar's share rose significantly to 45.8 percent from 40.4 percent, gold rose to 17.3 percent from 15.2 percent, sterling to 8.3 percent from 7.6 percent and other currencies to 7 percent from 4.6 percent.


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