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Yuan overtook the dollar in trading volume on the Moscow Exchange

Yuan overtook the dollar in trading volume on the Moscow Exchange

The "de-Dollarization" by the world continues unabated, with more and more countries turning their back on the US Dollar, in favor of Chinese and Russian currencies.

On the Moscow Exchange, the volume of trading in yuan amounted to 26.3 billion rubles, for the first time exceeding the volume of trading in the dollar (25 billion rubles).

By 13:03 Moscow time, the dollar was trading at the rate of 59.7 rubles/$, having lost 1.05 rubles. from the opening of trading, euro - 60.4 rubles / € (-1.25 rubles). The yuan exchange rate against the ruble amounted to 8.77 rubles / yuan, depreciating from the opening of trading by 0.12 rubles.

On July 6, the turnover of yuan trading on the Moscow Exchange exceeded the turnover of euro trading. Interest in the yuan is observed against the backdrop of Western sanctions in response to Russia's military operation in Ukraine.

 

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