Moscow Exchange moved the yuan to the top of the list of currencies on the main page
[ad_1]
Moscow Exchange moved the Chinese yuan took first place in the list of currencies – now the yuan/ruble currency pair on the website tops the list, immediately followed by the dollar/ruble and euro/ruble currency pairs, respectively. At the end of August, a similar rearrangement was made on the Bank of Russia website in the list of exchange rates.
According to the SWIFT interbank system, at the end of September the share of the yuan in trade settlements increased to 5.8% and for the first time overtook the euro (its share is 5.42%). The dollar remains the leader among currencies in global international settlements – 46.58%, the euro ranks second in global settlements (23.6%) and third in trade (5.43%).
October 18, Finance Minister Anton Siluanov statedthat the share of settlements in national currencies – rubles and yuan – between Russia and China is 90%. President Vladimir Putin stated that both countries are striving to establish new trade routes. According to the results of three quarters of 2023, trade turnover between Russia and China increased by 29.5%, to $176.4 billion.
Read more about the operation of the cross-border transfer system in the Kommersant article. “Where does the money go”.
[ad_2]
Source link
