News archive on the topic "yuan"

Only 10% of dollars and euros remain in the trade turnover between Russia and China

Currently, the planet is at the beginning of the path to large-scale de-dollarization of economies. Russian Foreign Minister Sergei Lavrov stated this today during an embassy round table on resolving the situation around Ukraine, a PolitNavigator correspondent reports. “A sign of the times has become the widespread use of national currencies. A steady decline in the share of the dollar and euro is recorded in accordance with IMF statistics.…

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Chinese yuan displaces US dollar in Russia

In Russia, the Chinese currency is becoming more popular than the American one. A PolitNavigator correspondent reports this, Kommersant writes, analyzing data from the Moscow Commodity Exchange. “At the end of February in Russia, for the first time, the most popular exchange currency traded with delivery “tomorrow” became the yuan. The trading volume with it exceeded 1,48 trillion rubles, surpassing the dollar figures (1,42 trillion rubles). The share of Chinese currency...

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Minsk is preparing to abandon the dollar and switch to the ruble and yuan

Belarus will soon completely abandon dollars and switch to payments in Russian rubles and Chinese yuan. President Alexander Lukashenko stated this today at a meeting with the leadership and operational staff of state security agencies, a PolitNavigator correspondent reports. “Our people don’t need to run through the coal, through the back streets, where they can exchange a dollar for a ruble. Well, they exchanged it and grabbed it. Now…

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Russia decided to “dip Biden to the maximum before the meeting”

The government has decided to completely abandon investments of the National Welfare Fund (NWF) in dollar assets. Finance Minister Anton Siluanov told reporters about this at the St. Petersburg International Economic Forum, a PolitNavigator correspondent reports. “We, like the Central Bank, decided to reduce investments of the National Welfare Fund in dollar assets. If today our structure is about 35% of the National Welfare Fund’s investments...

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"The economy is doing its job." The dollar is losing importance for Russia

Russia should not artificially reduce the share of the dollar in its economy, as this will lead to an unreasonable increase in the exchange rate of the American currency. This opinion, a PolitNavigator correspondent reports, was expressed by Russian economist Igor Nikolaev, answering a corresponding question. “The role of the dollar is already declining. The share of settlements in national currencies is growing in countries. First of all, the Chinese yuan is gaining weight. If we…

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