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Russian Central Bank opts against increasing euro reserves

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MOSCOW, September 13 (RIA Novosti) - The Central Bank of Russia is not planning to increase the euro share in the country's gold and currency reserves and bi-currency basket, the first deputy bank chairman said Tuesday.

Alexei Ulyukayev told a forum on the economic development of Russia and the Commonwealth of Independent States: "We are happy with the euro/dollar ratio in the gold and currency reserves." He added that the share of the dollar in the gold and currency reserves was 60%, the euro 33%, and pound sterling 7%.

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