The ruble/yuan exchange rate accelerated its decline following news of an increase in foreign exchange purchases by the Ministry of Finance

The ruble/yuan exchange rate accelerated its decline following news of an increase in foreign exchange purchases by the Ministry of Finance

The ruble/yuan exchange rate accelerated its decline on the Moscow Stock Exchange following the announcement that the Ministry of Finance will increase the purchase of foreign currency/gold as part of the overall budget by 5 times from October 7, to 12.7 billion rubles per day.