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Yuan trounces dollar on Moscow Exchange

August 18th, 2022
Categories: News

Link: https://www.rt.com/business/561100-yuan-beats-dollar-moscow-exchange/

Moscow Exchange started trading bonds denominated in Chinese yuan in an attempt to attract more Asian investors. The first offering was issued by Russian aluminum producer Rusal.. Moscow switched payment for exports of natural gas to ‘unfriendly nations’ to rubles, strengthening the Russian currency. Thursday, the ruble surged to a two-week high against the dollar and euro, with Russian stocks edging higher bolstered by rising crude prices

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