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Russia to resume forex interventions with sale of Chinese yuan Reuters via biedexmarkets.com

Japan’s business mood worsens as cost hikes bite – BOJ tankan Reuters via biedexmarkets.comBiedex Markets - stockmarket news, ideas tools, data, analysisEconomic newsbiedexmarkets.com
Japan’s business mood worsens as cost hikes bite – BOJ tankan Reuters via biedexmarkets.comBiedex Markets - stockmarket news, ideas tools, data, analysisEconomic newsbiedexmarkets.com

© Reuters. FILE PHOTO: Banknotes of Chinese yuan and Russian rouble are seen amid flags of China and Russia in this illustration picture taken September 15, 2022. REUTERS/Florence Lo/Illustration

(Reuters) – Russia said it would resume intervention with the sale of on the foreign currency market from Friday as part of the budget rule mechanism, the finance ministry and Central Bank said.

“Transactions will be carried out in the currency section of the Moscow Exchange in Chinese yuan — ruble instrument with a settlement period of “tomorrow” (CNYRUB_TOM),” the finance ministry said.

It said it will allocate 54.5 billion ($798 million) roubles to sell foreign currencies between Jan. 13 and Feb. 6.

($1 = 68.6875 roubles)

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