The yuan exchange rate exceeded 13 rubles. for the first time since April 14, 2022 – Kommersant

The yuan exchange rate exceeded 13 rubles.  for the first time since April 14, 2022 - Kommersant

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The yuan exchange rate during trading on the Moscow Exchange grew by 1.29%, to 13,004 rubles. It exceeded the mark of 13 rubles. for the first time since April 14, 2022.

As of 13:28, the yuan slowed down to 12.9 rubles. The dollar rose by 0.79% to 93 rubles/$. The euro is growing by 0.94%, to 102.1 rubles / €.

The current dollar and euro rates, as well as quotes of the main indices and stocks on the Moscow Exchange are available on a special page.

The Central Bank noticed in July that Russian businesses were converting their loans from so-called toxic currencies into yuan and rubles. The trend is confirmed by the largest banks. So, Sberbank reported that out of the entire corporate portfolio, which is more than 20 trillion rubles, 17% goes to the currencies of unfriendly countries.

Details – in the publication “Kommersant FM” “Loans are converted in Chinese”.

Laura Keffer

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