The financier explained why Russia has accumulated huge foreign exchange reserves
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Why does Russia need huge foreign exchange reserves
The financier explained why Russia has accumulated huge foreign exchange reserves – RIA Novosti, 11/23/2021
Why does Russia need huge foreign exchange reserves
The Ministry of Finance has accumulated record gold and foreign exchange reserves amid de-dollarization. Why and where will these savings go, an expert tells in an interview with the Prime agency … RIA Novosti, 11/23/2021
2021-11-23T03: 18
2021-11-23T03: 18
2021-11-23T03: 18
economy
Ministry of Finance of the Russian Federation (Ministry of Finance of Russia)
Russia
Alexey Krichevsky
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MOSCOW, November 23 – RIA Novosti. The Ministry of Finance has accumulated record gold and foreign exchange reserves amid de-dollarization. Alexey Krichevsky: He reminds us that gold and foreign exchange reserves, unlike the NWF, are just a piggy bank. of gold in reserves, moreover, if a serious correction in gold begins, then reserves may decline. On the other hand, the agency’s interlocutor believes, large reserves in the current situation on the debt market are a guarantee of “stability of the economy and currency in relation to the reclamation of these debts or their sale.”
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Economics, Ministry of Finance of the Russian Federation (Ministry of Finance of Russia), Russia, Alexey Krichevsky
The financier explained why Russia has accumulated huge foreign exchange reserves