Currency diversification by Central Bank of Russia

The Central Bank of Russia has added the Swiss franc to the currency composition of its foreign exchange reserves and is considering other plans to diversify their structure, Alexei Ulyukayev, its first deputy chairman, has said.

Currently, nearly half of reserves are placed in dollar assets and about 40% of assets are nominated in euros. A further 9% of gold and forex reserves are placed in sterling and about 1% in Japanese yen. The remaining space is occupied by Swiss francs.

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