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MIL OSI Translation. Region: Russian Federation –

Source: Central Bank of Russia – Central Bank of Russia –

Funds in Chinese currency in the accounts of companies and individuals in Russian banks at the end of last year amounted to 68.7 billion US dollars in equivalent, compared to 64.7 billion in dollar accounts.

Lending to companies in yuan at the end of 2023 increased 3.6 times, to 46.1 billion US dollars in equivalent. This is due to the fact that loans previously issued in “toxic” currencies were converted. In addition, exporters showed interest in loans in yuan in the context of high ruble rates.

In January 2024, the share of transactions with the yuan on the foreign exchange market exceeded 50% for the first time.

In 2023, companies resumed initial public offerings on the market after the crisis year of 2022: eight issuers entered the stock exchange.

The Moscow Exchange index showed an increase of 3.9% in January. Citizens continued to be the main participants in the auction, their share amounting to 75%.

Read more in the next issue “Review of financial market risks”.

Preview photo: aiaikawa / Shutterstock / Fotodom

Note; This information is raw content directly from the source of the information. This is exactly what the source states and does not reflect the position of MIL-OSI or its clients.

Please note; This information is raw content directly from the information source. It is accurate to what the source is stating and does not reflect the position of MIL-OSI or its clients.

EDITOR’S NOTE: This article is a translation. Apologies should the grammar and or sentence structure not be perfect.

MIL OSI News (multilanguage service)