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Russia Owns Almost 30% of Global Yuan Reserves

We have mentioned before that Russia’s currency reserves are relatively high compared to other countries. Below, we now change the perspective and look at Russia’s share of global currency reserves including central bank gold. In hindsight, we might consider it telling, that…

ūüĎČ Russia held less than 2% of global reserve dollars per January 2022
ūüĎČ Russia held more than 28%! of global Renminbi reserves (Chinese Yuan)
ūüĎČ As a reference: Russia’s share of global GDP 2020 was 1.8%