The Central Bank will start additional sales of yuan in August The Bank of Russia has announced additional sales of yuan on the forex market, as Moscow seeks to ensure economic stability in the face of Western sanctions. The amount of Chinese currency to be sold will depend on the ruble sum withdrawn during the preceding six months from the National Wealth Fund (NWF) “for investment in authorized financial assets inside the country,” the regulator said in a statement on Friday. The sales will start on August 1, in addition to regular operations with foreign currency. “Transactions will be carried out in the curren
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