A multi-year drive to reduce exposure to U.S. assets has pushed the share of gold in Russia's $583 billion international reserves above dollars for the first time on record. Gold made up 23% of the central bank's stockpile as of the end of June 2020, the latest date for which data on the breakdown is available, according to a report published on January 4, 2021. The share of dollar assets dropped to 22%, down from more than 40% in 2018.
 | (Bloomberg) --A multi-year drive to reduce exposure to U.S. assets has pushed the share of gold in Russia's $583 billion international reserves above dollars for the first time on record. Gold made up 23% of the central bank's stockpile as of the end of June 2020, the latest date for which data ... www.bloombergquint.com |