✉news BusinessBanking first seen 1 d ago, last 1 d ago, peak #21
Central Bank of Russia sets yuan rate at 12.3869 rubles
Original: The Central Bank of the Russian Federation set the official exchange rate of the yuan on October 20 at 12.3869 rubles.
The Central Bank of the Russian Federation has set the official exchange rate of the yuan for October 20 at 12.3869 rubles. The daily fixing matters for Russian businesses and traders dealing with China, as the yuan plays an increasingly large role in Russia's foreign trade settlement amid sanctions that have limited access to Western currencies.
Why now: The daily official yuan fixing is followed closely because of the yuan's growing role in Russian trade and finance.
Central Bank of the Russian FederationRussiaChinayuan
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