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Russia Shifts Part of Its Forex Reserves from Dollars to Euros

Created: 09.06.2006 11:02 MSK (GMT +3), Updated: 16:06 MSK

MosNews

On Thursday, June 8, Russia became the latest in the list of countries that shifted a part of its Central Bank reserves from the dollar. Sergei Ignatyev, chairman of the Central Bank, said that only 50 percent of its reserves are now held in dollars, with 40 percent in euros and the rest in pounds sterling. Earlier it was believed that just 25-30 percent of Russia’s reserves were held in euros, with virtually all the rest held in dollars...

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Der Kluge gibt nach.....und weil die Klugen immer nachgeben...regieren die Dummen die Welt....

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