Dedollarization in Russia means yuanization. Over the last spring @bank_of_russia has ditched $101b in USD holdings, shifting it to Euro&RMB. Share of RMB in currency reserves has grown 147x (!!!), from 0.1% in July 2017 to 14.7% in July 2018. Some details in short thread 👇 1/ pic.twitter.com/A6z2uWXTqf
