Russia has sufficient reserves in gold and yuan — RealnoeVremya.com
Russia has increased the volume of reserves in gold and yuan, despite the freezing of Western countries reserves in their currencies. This was announced by the head of the Bank of Russia Elvira Nabiullina.
— Since 2014, the Bank of Russia has been consistently building up and diversifying its gold and foreign exchange reserves in order to obtain, in fact, two safety cushions: in the event of a financial crisis, when there is a high need for US dollars and euros, and in the event of a geopolitical crisis, when Russia’s access to most backups,” the currency regulator’s website says.
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As Nabiullina noted, this year the Central Bank will oversee surveillance aimed at protecting the economy and the financial system, incomes and savings of the population from surveillance. All necessary tools are used to minimize financial risks and price stability.
– A complex process inevitably falls under new conditions that require a decrease in GDP, but the Russian economy can enter a growth trajectory, develop production, create new jobs, increase investment, – increase the head of the Russian Design Bureau.
By a significant fraction of a reasonable weight, Russia’s capacity has decided to reduce its key supply from April 11 to 17% per annum. It also provides for the possibility of continuing the consideration of key rates at the meetings of the Conference, coming from consideration on April 29 of the coming year.
Diana Zhilenkova
EconomySocietyPower