Russia

Bank of Russia buys $62.62 mln worth of yuan for July 9 settlements

TASS English · 2026-07-10

AI SUMMARY

• What happened: The Bank of Russia purchased 4.8 billion rubles (approximately $62.62 million) worth of yuan for settlements dated July 9, 2026, following a previous purchase of $61.32 million for July 8 settlements. • Why it matters: This transaction highlights the Bank of Russia's ongoing efforts to manage foreign currency reserves and stabilize the ruble amid fluctuating energy export revenues and market conditions. • What to watch next: Monitor future currency purchases by the Bank of Russia and their impact on the ruble's value, as well as developments in Russian energy export revenues and market dynamics.

Bank of Russia buys $62.62 mln worth of yuan for July 9 settlements The volume of foreign currency purchases on the domestic market for settlements dated July 8 amounted to $61.32 mlnMOSCOW, July 10. /TASS/. The Bank of Russia purchased yuan on the domestic market for settlements dated July 9, 2026, in the amount of 4.8 bln rubles ($62.62 mln), according to data published on the regulator's website. The volume of foreign currency purchases on the domestic market for settlements dated July 8 amounted to 4.7 bln rubles ($61.32 mln). The Bank of Russia conducts foreign currency purchase and sale operations on the domestic market in the Moscow Exchange's currency market through the yuan-ruble trading instrument. 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Source: TASS English
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