Russian central bank cuts the dollar in reserves
21:14 - 01/10/2019
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The Russian central bank has reduced the dollar reserve ratio in Russia's international reserves by about two times - up to 23.6% by March 31, while raising the level of reserves in other currencies, such as the euro and the yuan.
According to the Bulletin of the Central Bank of Russia on the management of shares in foreign currencies and gold published today, that the level of reserves in euros rose by the end of March by 30.3 percent compared with the same period last year, and the proportion of gold - from 17.2 percent to 18.2 percent, and the yuan rate from 5 percent Up to 14.2 percent.
Russia's international reserves (gold and foreign exchange) represent highly liquid foreign assets held by the Central Bank and the Russian government. Reserves consist of cash gold, special drawing rights, reserves in the IMF and foreign exchange (other reserve assets). Finished 25 N