Russia will diversify its international reserves further, President Vladimir Putin said on Tuesday.
“The monopoly of the U.S. dollar is not reliable enough, it is dangerous for many,” Putin told Russia’s lower house of parliament.
Russia held 45.8 percent of its reserves in U.S. dollars as of Jan. 1, 2018, the central bank data showed last week.
The central bank also holds other currencies in state reserves, which last stood at $460.4 billion. A significant part of the reserves is held in gold.