BRICS countries share it, and secondly, it is very complex in design uk telegram data and implementation. Therefore, of course, to begin with, it requires very careful study.
— Russia is increasing the share of yuan in its reserves. Do you plan to include currencies of other BRICS countries in their structure?
Currencies in reserves must be liquid
and in demand by participants in foreign trade. If risks to financial stability arise, you must conduct interventions in the currency that is in demand for trade and debt repayment. Therefore, until 2022, our reserves had a significant share of dollars and euros — it was due to the fact that foreign trade contracts were largely in dollars and euros. Now foreign economic activity is very actively switching to the use of other currencies, primarily the yuan. For example, two years ago, the share of the Chinese currency in Russia’s exports was 0.4%, and according to the latest data — 34.5%, in search engine optimization imports it increased from 4.3% to 36.4%. That is, quite a large increase.
Include currencies of other countries
in the reserves? This question can be considered in the long term if these alb directory currencies are stable enough and the share of settlements in them grows. Of course, we also need to take into account such factors as market liquidity, the availability of reliable and liquid instruments in these currencies.