More than half of electronics and home appliance deliveries to Russia in the second quarter of 2023 were paid in Chinese yuan instead of dollars and euros. newspaper reports “News” with reference to sources.
According to a source close to one of the retail chains, the share of payments in national currencies for the import of equipment and electronics is currently growing, it concerns not only the yuan, but also the currencies of the CIS countries. He explained this by the lower volatility of the exchange rates of these countries compared to the dollar and euro.
Saying that everything depends on the product category and delivery regions, the source emphasized that if you import iPhones from the Middle East, you will have to pay in dollars.
Experts call the main advantage of the yuan in transparency and predictability. They note that payments are made quickly and such transactions cannot be hindered by external pressure from credit institutions from countries hostile to the Russian Federation.
One of the companies that make purchases abroad told the publication that the share of payments in yuan has increased, as foreign banks, which allow Russian importers to settle accounts with foreign equipment sellers, often refuse to accept payments in dollars and euros. and also making unreasonably long checks and unreasonably freezing funds in accounts.
It was previously reported that the yuan has a share in international payments made through the SWIFT system. reached The record of the last year and a half with 2.54%.
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