Russian finances. Russia’s Finance Ministry announced that it is doubling the maximum share of Chinese yuan and gold that can be held in the National Wealth Fund to 60 percent and 40 percent, respectively. It also reset its accounts in British pounds and Japanese yen to zero. Previously, they could account for up to 5 […]
Daily Memo: Russia Reduces Use of Western Currencies
Its reserve fund will increasingly rely on Chinese yuan and gold.
