2min chapter

Forward Guidance cover image

The Central Bank Of Russia Is On The Defensive with Joseph Wang & Frances Coppola

Forward Guidance

CHAPTER

The Bank of Russia's Diversification

The Bank of Russia used to hold a lot of US dollars. And suddenly in 2018, it just kind of totally got rid of a lot of it. This seems like a significant diversification out of the dollar and into euros and other things. The bigger question here is whether the Bank of Russia would be able to sell down that gold if the Russian banks are sanctioned.

00:00

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.
App store bannerPlay store banner

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode

Save any
moment

Hear something you like? Tap your headphones to save it with AI-generated key takeaways

Share
& Export

Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode