The continent is boosting use of the currencies of countries that Russia deems friendly in settlements for Russian exports, RBK has reported African countries are increasingly using the currencies of countries that Russia deems friendly in its trade with Moscow, the news agency RBK reported on Wednesday, citing figures from the Bank of Russia. While the dollar and euro are being cast aside, the share of the ruble in African purchases of Russian exports has also declined. The share of the currencies of so-called ‘friendly’ countries, particularly the Chinese yuan, in export settlements reached 78.8% in July, report
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