Russia mulls $70 billion yuan-led currency purchase to help slow ruble’s appreciation

Russia is considering buying some $70 billion in yuan and other currencies of ‘friendly’ nations that have not placed sanctions on the country this year, Bloomberg reported on Thursday. The move is reportedly aimed at slowing the strengthening of the ruble, which could pose problems for the Russian economy by reducing exporter’s profits.

Here's the links:
https://www.rt.com/business/561975-russia-buying-friendly-currencies/

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