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Bank of Russia Reduced the Share of Dollar Turnover in International Reserves
27.01.2019 23:25
Bank of Russia Reduced the Share of Dollar Turnover in International Reserves

The Bank of Russia reduced the share of dollar turnover in international reserves to 21.9 percent and at the same time increased the share of euro  (to 32 percent) and Chinese yuan (to 14.7 percent).

      The regulator also increased the share of other currencies in reserves from 12.4 percent to 14.7 percent. For other currencies, the Bank of Russia attributed assets in pounds sterling, Japanese yens, Canadian and Australian dollars and Swiss francs. The highest income among the actual portfolio foreign exchange assets for the period from June 2017 to June 2018 was shown by Chinese yuan (3.2 percent per annum). The yield on American dollar was 0.35 percent per annum. Euro showed a negative value of -0.17 percent per annum.

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Author: Anna Dorozhkina

Tags: Russian banks Russian economy    

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