Bank of Russia Acquires $16.5 Million in Yuan
Bank of Russia purchases yuan worth $16.5 mln with settlements on June 1
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On June 1, 2026, the Bank of Russia bought yuan worth approximately $16.5 million (1.2 billion rubles) in the domestic market. This follows a similar purchase made on May 29, indicating ongoing currency operations in the yuan-ruble segment of the Moscow Exchange.
- 01The Bank of Russia's purchase amounted to 1.2 billion rubles ($16.5 million).
- 02This transaction was settled on June 1, 2026.
- 03A previous purchase of the same amount occurred on May 29, 2026.
- 04The operations are conducted in the yuan-ruble segment of the Moscow Exchange.
- 05These purchases reflect the Bank's strategy in managing foreign currency reserves.
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On June 1, 2026, the Bank of Russia executed a purchase of yuan valued at 1.2 billion rubles (approximately $16.5 million) on the domestic market. This transaction was part of the central bank's ongoing operations in the currency section of the Moscow Exchange, specifically involving the yuan-ruble trading instrument. Prior to this, the Bank of Russia had also acquired the same amount of yuan with settlements on May 29, 2026. These actions indicate the central bank's strategy to manage its foreign currency reserves and enhance the liquidity of the yuan in the Russian market.
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The Bank of Russia's currency purchases may stabilize the yuan's value in the domestic market, impacting trade and investment dynamics.
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