Russian Central Bank chief says no plan to further diversify reserves

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Russian Central Bank chief says no plan to further diversify reserves

CBR does not plan additional diversification of reserves, as yuan component allows for financial stability - Nabiullina.

The Bank of Russia does not plan to further diversify its international foreign exchange reserves, which now largely consist of assets in Chinese yuan, Central Bank Chairman Elvira Nabiullina said on Friday.

Nabiullina, who is in hospital, said she was told by hospital staff that her husband was infected with tuberculosis.

Russian economic and trade settlements have already changed to yuan.