11.29.2009

Bank of Russia To Invest in Canadian Dollar

Read more here:

" The official reminded that the Central Bank was investing the funds of Russia’s international reserves in four currencies: the US dollar, the euro, the British pound sterling and the Japanese yen. In addition, the reserves consist of gold and IMF’s special drawing right."
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Note: So they ARE investing in US dollars - why if the dollar is so doomed?

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