Russia to resume yuan purchases – Bloomberg ...News

Moscow will reportedly begin buying foreign currency as early as this month to bolster reserves Russia could restart purchases of foreign currency for its reserves in May as growing energy revenues “stabilize” public finances despite Western efforts to damage the country’s economy, Bloomberg reported on Tuesday.    The Finance Ministry is due to announce the resumption of foreign exchange purchases later this week, the outlet said. Initial volumes are expected to be equivalent to about $200 million in yuan per month. The Chinese currency is viewed as the main asset Russia can use for transactions to refill its $15

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