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Russia's central bank and lenders tell each other to resolve the country's yuan supply squeeze

By Business Insider   |   Sep 9, 2024 at 03:14 AM EST
Russia's central bank and lenders tell each other to resolve the country's yuan supply squeeze

The Russian central bank is facing challenges with yuan liquidity due to restrictions on foreign currency lending. Banks are urging for more central bank currency swaps to cover their positions. Russian exporters are also struggling with payment transactions due to sanctions, prompting discussions on linking bank messaging systems.

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