The share of the Chinese yuan in the Russian domestic foreign exchange market reached a historical maximum in November. This is proven by: data TSB RF.
The share of yuan in the foreign exchange segment reached 46.2%, after 43.9% in October. The share of dollar and euro decreased from 54.6 percent to 52.3 percent. The Central Bank wrote that the yuan rate in the over-the-counter market broke a new record and rose to 31.5%, while this rate was 63% in “toxic” currencies.
At the same time, the monthly transaction turnover in the foreign exchange segment in November decreased by 13% compared to October, reaching 9.2 trillion rubles, and in the over-the-counter segment decreased by 15.8%, reaching 12.9 trillion rubles. The regulator added that the share of the over-the-counter market was 58.4%.
In October, it was learned through SWIFT that the share of the Chinese yuan in global trade agreements increased. reached a new record – 5.8%. This enabled the yuan to surpass the euro and rank second among the most used currencies, after the US dollar, with a share of 84.15%. Since December last year, the dollar’s share has remained stable at just under 85%.
Previously Deripaska registered Transactions in Chinese currency doubling in one year.