Russia Buys Yuan For Settlement On Exchange

TASS · world

The Bank of Russia purchased 2 billion rubles worth of yuan on the domestic market for settlement on September 21. This follows a similar purchase of 2 billion rubles worth of foreign currency on September 18. The central bank conducts these foreign exchange operations using the yuan-ruble instrument on the Moscow Exchange. These transactions are part of Russia's strategy to manage its foreign currency reserves and trade relationships.