The yuan-ruble pair becomes the leader of trading on the Russian market

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For the first time, the yuan-ruble pair outperformed the dollar-ruble trading pair in terms of daily trading volume on the domestic foreign exchange market. The trading volume was 28.8 billion and 28.6 billion, respectively.

The event that happened on the Moscow Exchange on August 18 shows that the Chinese currency is gaining popularity in Russia. The growth was not spontaneous, traders increased the number of transactions systematically, starting from February of this year.

The Central Bank notes that the share of transactions with the monetary unit of China has reached 11% of the total exchange turnover. In April, the indicator was at around 6%, in March – 1%.