Russia won't increase euro reserves

The Central Bank of Russia is not planning to increase the euro share in the country's gold and currency reserves and bi-currency basket, the first deputy bank chairman said Tuesday 13 September.

Alexei Ulyukayev told a forum on the economic development of Russia and the Commonwealth of Independent States: "We are happy with the euro/dollar ratio in the gold and currency reserves." He added that the share of the dollar in the gold and currency reserves was 60%, the euro 33%, and pound sterling