A clerk counts Chinese 100 yuan banknotes at a branch of a foreign bank in Beijing on Jan. 4, 2016. (Kim Kyung-Hoon/Reuters) MOSCOW— Russia ’s finance ministry on Friday said the maximum possible share of Chinese yuan in its National Wealth Fund (NWF) had been doubled to 60 percent as it restructures its rainy-day fund to reduce dependency on currencies from so-called “unfriendly” nations.
The ministry said the permitted share of gold in the NWF would also be doubled, to 40 percent. It said balances in the British pound and Japanese yen had been reduced to zero.
Russia has been using […]