Share of #Gold in #Russian #CentralBank’s reserves beats US #Dollar holdings for first time ever

© Global Look Press

The gold share of Russia's foreign exchange holdings rose to 22.9 percent over the year to June 30, 2020, according to data revealed by the country's central bank.

At the same time, the share of US dollar shrank to 22.2 percent from 24.2 percent, while the share of the euro dropped to 29.5 percent from 30.6 percent. The regulator also decreased its holdings of Chinese yuan to 12.2 percent from 13.2 percent.

See the whole story online here: https://www.rt.com/business/512219-gold-dollar-russian-reserves/

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