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.
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. ...
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