Going for gold: Russia to eliminate US dollar from sovereign wealth fund THIS MONTH amid warning of politics sabotaging currency


303160


Russia’s sovereign wealth fund will take a punt on gold and slash $40 billion of US currency entirely out of its investment portfolio amid growing tensions with Washington, the country’s finance minister announced on Thursday.

Anton Siluanov said that the National Wealth Fund would reduce its share of dollars to zero within the next month. Speaking as part of the St. Petersburg International Economic Forum, he said that the process would be “fast enough” and would mirror a similar move by the country’s central bank to reduce assets held in American currency.



Read up the full post on Russia Today


Like it? Share with your friends!

303160

What's Your Reaction?

hate hate
7610
hate
confused confused
1522
confused
fail fail
12176
fail
fun fun
10654
fun
geeky geeky
9132
geeky
love love
4566
love
lol lol
6088
lol
omg omg
1522
omg
win win
12176
win
9jaheadies

0 Comments

Your email address will not be published. Required fields are marked *

Choose A Format
Personality quiz
Series of questions that intends to reveal something about the personality
Trivia quiz
Series of questions with right and wrong answers that intends to check knowledge
Poll
Voting to make decisions or determine opinions
Story
Formatted Text with Embeds and Visuals
List
The Classic Internet Listicles
Countdown
The Classic Internet Countdowns
Open List
Submit your own item and vote up for the best submission
Ranked List
Upvote or downvote to decide the best list item
Meme
Upload your own images to make custom memes
Video
Youtube, Vimeo or Vine Embeds
Audio
Soundcloud or Mixcloud Embeds
Image
Photo or GIF
Gif
GIF format