Bank of Russia Reports Yuan Purchases Worth $23.6 Million, 2 Billion Rubles
The central bank disclosed two separate yuan transactions on the domestic market, according to Russian state news agency TASS.
The Bank of Russia purchased Chinese yuan worth $23.6 million with settlements dated September 16, according to a report by Russian state news agency TASS.
TASS also reported that the central bank purchased yuan on the domestic market in the amount of 2 billion rubles, with settlements dated September 15.
The report did not provide additional details on the purpose or broader context of the transactions. TASS did not specify whether the two purchases were part of a routine currency operation program or a one-time measure.
The Bank of Russia has periodically conducted foreign currency operations, including yuan purchases, as part of its exchange rate and monetary policy operations amid ongoing Western sanctions that have limited Russia's access to dollar and euro markets.
Sources
EGazette summarizes reporting from multiple sources; follow the links for the originals.
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