The Chinese currency has been gaining a foothold amid increasing de-dollarisation The share of the Chinese yuan in Russian exports and imports saw another surge in April, increasing by 23% and 31% respectively, the Central Bank of Russia said in its latest review of financial market risks earlier this week. According to the document released on Friday, the share of the Chinese national currency in Russia’s export-import operations in March stood at 18% and 27%, respectively. In terms of value, monthly export revenue in Chinese yuan rose from $6.9 billion to $7.2 billion, while import payments saw an increase from
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