The Russian central bank’s first deputy chairman Ulyukayev says the USD remains the top currency in Russia’s foreign reserves, and the share of the euro is a little over 40%. The official says the central bank hasn’t reconsidered the shares of the main reserve currencies.
The comments follow the recent release of the central bank’s annual report which showed the euro overtaking the dollar as Russia’s top reserve currency with a share of 47.5% as of January 1. 2009.
Back in March Ulyukayev said the official allocation of reserves was 49% dollars, 40% euros, 10% sterling and 1% yen, but added that the actual allocation can differ a little from this due to the central bank’s daily operations on the currency market.
