On Thursday, June 8, Russia became the latest in the list of countries that shifted a part of its Central Bank reserves from the USD. Sergei Ignatyev, chairman of the Central Bank, said that only 50 percent of its reserves are now held in dollars, with 40 percent in Euro and the rest in GBP. Earlier it was believed that just 25-30 percent of Russia’s reserves were held in Euros, with virtually all the rest held in dollars.
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