Contents tagged with foreign currency
-
Russian foreign currency reserves in danger
The assets and currencies which the Bank of Russia holds funds in are depreciating rapidly, reports Finanz.ru. For example, gold, which the Central Bank of Russia has been actively purchasing for several years, has hit its lowest price since last year, dropping by roughly 8.5% compared to its April high.
Recently published data showed that last year the Bank of Russia began to actively accumulate reserves in Chinese yuans, tripling these investments. However, as part of its “trade war” with …