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franc Australian dollar China yuan Belarusian ruble
BANK OF RUSSIA
Total sterling yen dollar hryvnia tenge Others
(RUB) (USD) (EUR) (CHF) (AUD) (CNY) (BYR)
(GBP
dollar Euro Swiss franc Australian dollar China yuan Belarusian ruble
Total sterling yen dollar hryvnia tenge Others
(RUB) (USD) (EUR) (CHF) (AUD) (CNY) (BYR)
(GBP
uniformity when bro-
regions of Russia where the largest surge in food ken down by region. May’s risk of inflation acceler-
inflation was recorded.
more profitable carry trade is for investors. In 2006–2007, the Japanese yen was the key funding instrument of
carry trade operations and investors preferred
36. BoJ macroeconomic forecast Figure 37. Expansion of sovereign bond
portfolio, trillion yen/year
90
80
70
fiscal 2017 fiscal 2018 fiscal 2019
60
apr.
franc Australian dollar China yuan Belarusian ruble
BANK OF RUSSIA
Total sterling yen dollar hryvnia tenge Others
(RUB) (USD) (EUR) (CHF) (AUD) (CNY) (BYR)
(GBP
franc Australian dollar China yuan Belarusian ruble
BANK OF RUSSIA
Total sterling yen dollar hryvnia tenge Others
(RUB) (USD) (EUR) (CHF) (AUD) (CNY) (BYR)
(GBP
franc Australian dollar China yuan Belarusian ruble
BANK OF RUSSIA
Total sterling yen dollar hryvnia tenge Others
(RUB) (USD) (EUR) (CHF) (AUD) (CNY) (BYR)
(GBP
franc Australian dollar China yuan Belarusian ruble
BANK OF RUSSIA
Total sterling yen dollar hryvnia tenge Others
(RUB) (USD) (EUR) (CHF) (AUD) (CNY) (BYR)
(GBP
economy. Specifically, this type of currencies includes the US dollar, the Japanese yen, and
the Swiss franc.
Covered bonds
Bonds secured by payments on mortgage