Russia Dumps Dollar as Reserve Currency - Adopts Euro | WHAT REALLY HAPPENED

Russia Dumps Dollar as Reserve Currency - Adopts Euro

The US dollar is not Russia’s basic reserve currency anymore. The euro-based share of reserve assets of Russia’s Central Bank increased to the level of 47.5 percent as of January 1, 2009 and exceeded the investments in dollar assets, which made up 41.5 percent, The Vedomosti newspaper wrote.

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