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Yuan share in currency market reaching all-time high in March — Central Bank

Systemic credit institutions remain the top currency sellers in the spot exchange market

MOSCOW, April 8. /TASS/. The yuan share in the structure of exchange and OTC currency market was record high in March, according to the financial market risk review posted on the website of the Bank of Russia.

The share of exchange trading in the yuan moved up from 46.6% in February to 53% in March. Its share in OTC trading increased from 32.5% in February to 46.4% this March. The share of "toxic" currencies plunged from 52.8% in February to 46.4% in March 2024. Such currencies dropped to 54.7% in March from 59.8% in February in the OTC segment.

Systemic credit institutions remain the top currency sellers in the spot exchange market. Their net currency sales at the Moscow Exchange totaled 413.2 bln rubles ($4.5 bln) in March 2024.

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