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Russia cuts US dollar at National Welfare Fund from 35 percent to zero


RIA Novosti reports.
There will be no US dollars left in the updated structure of the National Welfare Fund. Until recently, the share of the US dollar in the NWF structure amounted to 35 percent. 
Instead of the US dollar, the NWF will have an increased share of the euro (from 35 percent to 40) and the Chinese yuan (from 15 percent to 30). The share of the British pound sterling will halve (from ten to five percent). For the first time, the NWF will have a share of gold in the amount of 20 percent. The share of the Japanese yen will remain at five percent. ....

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