Yuan trounces dollar on Moscow Exchange
Aug 18th 2022 11:09am EDT
Western sanctions accelerate Russia’s pivot east Yuan-ruble trading has outpaced the dollar-ruble pairing for the first time, according to Moscow Exchange data. The amount of trade in the yuan-ruble pair reached 45.37 billion rubles ($756 million) as of 11:26 GMT compared to dollar-ruble trading that amounted to 43.7 billion rubles ($729 million). Meanwhile, traded value […]
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