Russia Backs Away From Dollar AGAIN: Shifts $100 Billion To Yuan, Yen, And Euro

Posted on January 11, 2019 10:17 am
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URL https://www.activistpost.com/2019/01/russia-backs-away-from-dollar-again-shifts-100-billion-to-yuan-yen-and-euro.html 

By Mac Slavo

Russia is continuing to ramp up its efforts to move away from the American dollar.  The country just shifted $100 billion of its reserves to the yuan, the yen, and the euro in their ongoing effort to ditch the dollar.

The Central Bank of Russia has moved further away from its reliance on the United States dollar and has axed its share in the country’s foreign reserves to a historic low, transferring about $100 billion into euro, Japanese yen, and Chinese yuan according to a report by RTThe share of the U.S. dollar in Russia’s international reserves portfolio has

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