Ruble beating ‘toxic’ Western currencies in export payments

The share of the dollar and euro in settlements has continued to drop, the Bank of Russia says The share of the ruble in Russia’s foreign trade operations continues to grow on a monthly basis, data from the Bank of Russia released on Monday showed. According to the calculations, 39% of payments for Russian export deliveries in May were made in the national currency, along with 30% for imports. The share of “toxic” currencies, the US dollar and euro, has meanwhile declined in exports and imports to 33% and 35% respectively, the regulator said. Along with the increase in the ruble’s share, the “weight” of the Chines

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Last updated : 12 July 2023 clock 08:36 AM

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