Structural changes continue in the Russian financial market
8 September 2022
News
In August 2022, the foreign exchange market recorded an increase in the sales of export revenues. Moreover, a substantial amount of revenues in yuan was sold by exporters on the Moscow Exchange for the first time. In this context, the share of yuan in the on-exchange market kept on rising and reached 26%.
Individuals were ramping up their yuan purchases. There were net sales of currencies of unfriendly countries on some days of the month.
Further details are available in the new issue of the Financial Market Risks Review.
Preview photo: Jamie Farrant / Shutterstock / Fotodom