empty
 
 
Central Bank of Russia transfers US dollars into yuan, yen a...
23-01-2019 12:21
Central Bank of Russia transfers US dollars into yuan, yen and euros
Central Bank of Russia transfers US dollars into yuan, yen and euros

The Bank of Russia decided to replenish its reserves of foreign currency, and the choice fell on the yuan, yen, and euro. These are three leaders of stability according to the Central Bank of the Russian Federation.

This time, Russia has moved further away from reliance on the US dollar and has reduced its share in the country's foreign reserves. In addition, many experts are sure that this currency is now at an all-time high, which means this is not the best time for purchases. Nevertheless, the US dollar still represents a high share in the Russian reserves - 21.9 percent - and takes the second place after the single European currency with the figure of 32 percent. The yuan closes the top three with the share of 14.7 percent. Exactly the same figure - 14.7 percent - accounts for other currencies: the pound sterling, the Japanese yen, the Canadian and Australian dollars, as well as the Swiss franc.

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $1000 more!
    In April we raffle $1000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS
Can't speak right now?
Ask your question in the chat.
Widget callback