Russia mulls buying ‘friendly’ foreign currencies – Bloomberg ...News

Russia Today - Economy
Russia mulls buying ‘friendly’ foreign currencies – Bloomberg
source : Russia Today ( News ) () 31
The move is reportedly aimed at cutting euro and dollar holdings while slowing the ruble’s appreciation Russia is considering buying some $70 billion in yuan and other currencies of ‘friendly’ nations that have not placed sanctions on the country this year, Bloomberg reported on Thursday, citing a government project. According to the report, the plan was passed at a meeting between top government officials and representatives of the Central Bank of Russia on August 30. The move is reportedly aimed at slowing the strengthening of the ruble, which could pose problems for the Russian economy, by reducing exporter’s

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