The dream of the Euro becoming world reserve currency has had a bit of a rough year in 2015. The world’s most prominent bureaucurrency just kept on losing ground as the share of international forex reserves goes:Down from 28% in 2009 to 20.3% in 2015, …
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Per latest report from the Economy Ministry, Russian GDP contracted 0.3% m/m in November in real terms and is down 3.7% y/y over 11 months through November 2015.
Forecasters see the Russian economy contracting slightly in 2016.