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Most Traded Currency in Russia
April 11 , 2023
467 days
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- China’s yuan has replaced the US dollar as the most traded currency in Russia.
- Before the Ukraine invasion, the yuan’s trading volume on the Russian market was negligible.
- Despite all that, the dollar remained the most popular currency on the Russian market until now.
- Global foreign-exchange reserves allocation in the yuan accounted for about 2.7% of the total amount by end of 2022.
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