Russia's central bank said it cut its holdings of U.S. dollars even further before invading Ukraine in February, adding that it has enough yuan and gold despite the impact of Western sanctions. The comments were made by the central bank Governor Elvira Nabiullina in her annual report to parliament Monday. "Today, even though Western countries have frozen our reserves in their currencies, Russia still has a sufficient amount of reserves in gold and Chinese yuan," said Nabiullina. According to the data, the central bank cut its share of U.S. dollars in reserves to 10.9% as of January 1, 2022. This is down from 21.2% ... (full story)