Russia has included the Chinese yuan in the basket of reserve currencies

Date: 06:57, 30-11-2015.

Almaty. November 30. Silkroadnews - Bank of Russia included the Chinese yuan into the list of currencies used for the investment of foreign exchange reserves, but in the near future does not plan to make purchases of assets denominated in Renminbi, writes rosSMI.
The decision to include the yuan was made in mid-November. However, operations on physical buying of yuan Central Bank has not yet produced.
Share of yuan in Russian reserves in the foreseeable future will remain small and will be symbolic.
Bidding for the Chinese yuan on the Moscow Stock Exchange, where the Central Bank could theoretically buy the currency for reserves, began in late 2010. Since then, the volume of trading in this currency increased significantly. In August this year, trading volume grew 4 times yoy to absolute maximum and amounted to 18 billion yuan (191 billion rubles). Shopping from the regulator will increase the demand for the Chinese currency.
Remember, today, on 30 November, the International Monetary Fund (IMF) may include the Chinese yuan in the basket of reserve currencies (Special Drawing Rights - SDR).
The composition of the basket of SDR, consisting mainly of the US dollar, euro, pound sterling and yen, the currency structure determines the loans to countries in need of assistance fund.

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