National Welfare Fund will be actively replenished with yuan, rupees and lira, according to the Central Bank report

National Welfare Fund will be actively replenished with yuan, rupees and lira, according to the Central Bank report
Photo by Eric Prouzet / Unsplash

These currencies will gradually replace the dollar and euro in the structure of the NWF. The liquidity in these currencies may strongly grow in the near future. Also filling the NWF with currencies of friendly countries will contribute to the growth of the exchange rate of these currencies against the ruble.