Russia to use Chinese yuan as one of currency reserves — Finance Minister
Business & Economy
March 14, 2022, 16:27
"When developing trade relations with China, we will use a share of gold and currency reserves denominated in the China’s yuan," Anton Siluanov said
MOSCOW, March 14. /TASS/. The Chinese yuan is a reliable reserve currency, Finance Minister Anton Siluanov said on the air with the Rossiya-24 TV Channel.
"The Chinese yuan - a portion of gold and currency reserves is kept in this currency. When developing trade relations with China, we will use a share of gold and currency reserves denominated in the China’s yuan. The yuan remains at present one of such sources of currency reserves of our country and we will use it in all aspects," the Minister said.
A half of gold and currency reserves of the Bank of Russia - about $300 bln - were frozen because of sanctions, Siluanov said earlier.