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https://www.bloomberg.com/news/articles/2022-09-01/russia-mulls-buying-70-billion-in-yuan-friendly-currencies
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CNY, RUB, USD: Russia Mulls Buying $70 Billion in Yuan, ‘Friendly’ Currencies - Bloomberg
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9/1/22 at 1:20am
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Bloomberg
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Currencies & Foreign Exchange
Business & Industrial
Russia
RUB
Yuan
Bloomberg
Russia is considering a plan to buy as much as $70 billion in yuan and other “friendly” currencies this year to slow the ruble’s surge, before shifting to a longer-term strategy of selling its holdings of the Chinese currency to fund investment.
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