The Bank of Russia purchased 4.8 billion rubles, equivalent to $61.30 million, in Chinese yuan on the domestic market with settlements on July 21, according to data published by the regulator.
This volume represents a notable decline from earlier in the month.
62 million). The latest figure marks the lowest intervention level in this recent sequence, suggesting a moderation in the central bank's active management of the ruble-yuan exchange rate.
On July 6, the central bank bought 9.3 billion rubles ($121.57 million) in yuan, and on July 9, purchases stood at 4.8 billion rubles ($62.62 million).
The latest figure marks the lowest intervention level in this recent sequence, suggesting a moderation in the central bank's active management of the ruble-yuan exchange rate.
The Bank of Russia has maintained a steady presence in the yuan market throughout July, using purchases to stabilize the ruble against the Chinese currency.
This strategy reflects the deepening trade ties between Russia and China, as well as the need to manage liquidity in a market where traditional Western currencies are less accessible due to sanctions.