Close X Cookies are necessary for the proper functioning of 24hGold.com. By continuing your navigation on our website, you are accepting the use of cookies.
To learn more about cookies ...

Subscribe Log in

Home>GoldWire>Russia to cut share of U.S. dollar in National Wealth Fund, mulls other currencies

Articles NewsFlow Gold & Silver Prices Market Briefing

In the same category
What Sorrow Awaits the Shepherds of Lawlessness Jesse A Carnival of Beasts Jesse Dry Bones Jesse Many, Falling Away Jesse Behold Your Mothers Jesse Pride Changed Angels Into Devils Jesse Black Swans Circling Jesse The Madness and Illusions of the Exceptional Jesse The Overreach of Power and Privilege Jesse

Russia to cut share of U.S. dollar in National Wealth Fund, mulls other currencies

Chris Powell

GATA

Published : November 17th, 2019

131 words - Reading time : less than a minute

( 0 vote, 0/5 )

Article

Comments

Comment this article

Rating

All Articles

Send

comment

Our Newsletter...

Disclaimer

Category : GoldWire


	MOSCOW -- Russia will reduce the share of the U.S. dollar in its National Wealth Fund and is considering investing in other foreign currencies including the Chinese yuan, Deputy Finance Minister Vladimir Kolychev said today. Kolychev confirmed a Reuters report from this month that Russia was planning to diversify its foreign currency holdings in 2020. Kolychev said the move was in part meant to shield Russian reserves from external risks. He did not give an exact figure for what the U.S. dollar's share would be trimmed to in the National Wealth Fund. The U.S. unit made up about 36% of the National Wealth Fund, or $124.5 billion, as of end-October, according to Reuters calculations based on finance ministry data. ... ... For the remainder of the report: https://www.reuters.com/article/us-russia-nwf...o-cut-share-... *** * ***

Rate :

Average note :0 (0 vote)

Chris Powell 13 abonnés

All his articles

Buy his book

Chris Powell is the secretary of the Gold Anti-Trust Action Committee (GATA) which has been organized to advocate and undertake litigation against illegal collusion to control the price and supply of gold and related financial securities.

His latest articles

Venezuela's Guaido asks Citibank to freeze gold swap with Ma

02-03-2021

Newmont CEO is unenthusiastic about prospects for gold price

01-03-2021

Website

Subscribe to his services