Russia

Bank of Russia buys $71.02 mln worth of yuan

TASS English · 2026-06-24

AI SUMMARY

• What happened: The Bank of Russia purchased 5.3 billion rubles (approximately $71.02 million) worth of yuan on the domestic market, with settlements dated June 23, 2026. • Why it matters: This transaction is part of the Bank of Russia's ongoing efforts to diversify its foreign currency reserves and reduce reliance on the US dollar amid changing global economic dynamics. • What to watch next: Monitor future foreign currency purchase activities by the Bank of Russia and any potential shifts in the international economic order that may affect currency valuations and trade relationships.

Bank of Russia buys $71.02 mln worth of yuan The volume of foreign currency purchases on the domestic market with settlements dated June 22 amounted to $142.03 mlnMOSCOW, June 24. /TASS/. The Bank of Russia purchased yuan on the domestic market with settlements dated June 23, 2026, in the amount of 5.3 bln rubles ($71.02 mln), according to data published on the regulator's website. The volume of foreign currency purchases on the domestic market with settlements dated June 22 amounted to 10.6 bln rubles ($142.03 mln). The Bank of Russia conducts foreign currency purchase and sale operations on the domestic market in the Moscow Exchange's currency section using the yuan-ruble instrument. 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Source: TASS English
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