Russian central bank conducts $34.87m yuan sale

By Aya El Sayed On Aug 7, 2024

Bank of Russia to tighten policy amid inflation concerns

The Bank of Russia announced that it sold 3 billion roubles ($34.87 million) worth of yuan on the domestic market for settlements on August 6, 2024.

The same amount of foreign currency was sold on August 5.

These operations are part of the bank’s ongoing currency transactions on the Moscow Exchange in the yuan-rouble instrument, conducted from June 7 to July 4, 2024.

Attribution: TASS