Caixin
Jul 02, 2022 03:16 AM
FINANCE

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.

You've accessed an article available only to subscribers
VIEW OPTIONS
Share this article
Open WeChat and scan the QR code