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Bank of Russia sells yuan worth $54.82 mln on July 2

The daily volume of transactions in 2024 will be determined based on the volumes of purchases or sales of foreign currency announced by the Russian Ministry of Finance on the third working day of each month

MOSCOW, July 3. /TASS/. The Bank of Russia sold yuan on the domestic market with settlements on July 2, 2024, in the amount of 4.8 bln rubles ($54.82 mln), the regulator said in a statement.

Sales of foreign currency on the domestic market with settlements on July 1 amounted to 8.1 bln rubles ($92.54 mln).

The Bank of Russia carries out purchase and sale operations on the domestic market in the currency section of the Moscow Exchange in the yuan-ruble instrument. They will be conducted from June 7 to July 4, 2024.

The daily volume of transactions in 2024 will be determined based on the volumes of purchases or sales of foreign currency announced by the Russian Ministry of Finance on the third working day of each month within the framework of regular transactions in accordance with the budget rule, adjusted for the balanced value of a number of transactions.