Russia

Russia · 09. August 2020
The US dollar has recently been losing value against other currencies, dropping nearly 5% in July, its biggest monthly fall in more than 10 years. This decline is prompting economists worldwide to re-assess the role of the dollar as a global reserve currency, as some countries have resorted to other options in their bilateral transactions. The US dollar’s share of trade between Russia and China fell to a record low of 46% in the first quarter of 2020, according to recent figures provided by...
Russia · 09. August 2020
Ditching the dollar - the move is part of Russia’s desire to hedge against further American sanctions. Central Banks weigh a host of factors—such as stability, liquidity and returns—when managing their foreign reserves. Most opt to hold dollars: according to the IMF, the dollar accounts for 62% of global foreign-exchange reserves. The Central Bank of Russia (CBR), though, must also consider geopolitics. On January 9th it revealed that it had dumped $101bn in dollar reserves last spring,...
Russia · 19. January 2019
Despite a general slowdown of direct foreign investment in Russia, there are many foreign movers and shakers dipping their toes into the country’s economy.
Russia · 19. January 2019
Russia’s gold & foreign currency reserves surge for third consecutive year. Russia’s $75 trillion in resources is why sanctions are difficult.