The Central Bank made a forecast for the American currency

17.09.2021

The head of the Russian Central Bank, Nabiullina, suggested that the role of the dollar in both the Russian and global markets remains great, but interest in it will decrease over time.

Nabiullina stressed that the Central Bank regularly discloses information on the structure of gold and foreign exchange reserves (gold reserves). She said that the dollar decreased not only through the National Welfare Fund, but also in gold and foreign exchange reserves generally. In 2018, the structure of gold and foreign exchange reserves changed substantially, and the share of the dollar also decreased due to economic, financial, geopolitical and sanctions risks.