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Yuan, Rupee, Lira May Replace Dollar, Euro in Russia Wealth Fund

  • Central bank says Russia considering purchases of currencies
  • Sanctions over war prevent Russia buying dollars and euros

Russia is considering purchases of China’s yuan, India’s rupee and Turkey’s lira for its wealth fund under a budget mechanism that uses excess income from energy sales.

The central bank disclosed a possible mix of currencies for the first time in a report on the policy outlook for the next three years on Friday. It said others can also be included, without giving more specifics.