Jul 02, 2022 03:16 AM

Yuan-Ruble Trades Rise in China as Easing Covid Curbs Boost Exports

(Bloomberg) — Spot trading of the yuan-ruble pair in China climbed to a six-month high in June as foreign-currency transactions picked up and the nation boosted shipments to Russia after Covid curbs eased.

Trading volume on the pair rose to 321 million yuan ($48 million) in the interbank market last month, according to data from the China Foreign Exchange Trade System. The ruble is one of 24 currencies that can be directly traded with the yuan.

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