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They have built their reserves in Gold and other currencies, that's why they don't care too much about USD reserves. Interestingly, the concerted US effort to s
by coliveira 7y ago
They have built their reserves in Gold and other currencies, that's why they don't care too much about USD reserves. Interestingly, the concerted US effort to sanction the Russian economy has made it possible for them to reduce the USD dependencies.
- mywittyname 7y agoGold is very volatile though. Treasuries at least pay interest.
- bobthepanda 7y agoEven gold can disappear quickly if a run starts on your currency.