Euro Passes Dollar in Russian Reserves for First Time Since 2008
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The Bank of Russia last year cut the U.S. dollar’s share in its international reserves below the euro’s portion for the first time since 2008.
The greenback’s share plunged to 39.6 percent as of Jan. 1 from 44.8 percent a year earlier, the central bank said in an annual report published on its website. The euro accounted for