Russia won't increase euro reserves

The Central Bank of Russia is not planning to increase the euro share in the country's gold and currency reserves and bi-currency basket, the first deputy bank chairman said Tuesday 13 September.

Alexei Ulyukayev told a forum on the economic development of Russia and the Commonwealth of Independent States: "We are happy with the euro/dollar ratio in the gold and currency reserves." He added that the share of the dollar in the gold and currency reserves was 60%, the euro 33%, and pound sterling 7%

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Geoeconomic reserve management

The world order is evolving. Whether, and how, the international economy remains integrated or shifts into spheres of influence has consequences for central bank policy and reserve management.

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