{"id":2699,"date":"2024-06-13T23:55:40","date_gmt":"2024-06-13T23:55:40","guid":{"rendered":"https:\/\/exam.pscnotes.com\/current-affairs\/?p=2699"},"modified":"2024-06-13T23:55:40","modified_gmt":"2024-06-13T23:55:40","slug":"chinas-yuan-replaces-dollar-as-most-traded-currency-inrussia","status":"publish","type":"post","link":"https:\/\/exam.pscnotes.com\/current-affairs\/chinas-yuan-replaces-dollar-as-most-traded-currency-inrussia\/","title":{"rendered":"Chinas Yuan Replaces Dollar as Most Traded Currency in\nRussia"},"content":{"rendered":"<p>According to data from the Moscow Exchange, the yuan accounted for 23.6% of Russias <a href=\"https:\/\/exam.pscnotes.com\/foreign-exchange\">Foreign Exchange<\/a> turnover in the first quarter of 2023, while the dollars share was 22.5%. This marks the first time the yuan has surpassed the <div class=\"youtube-subscribe-container\">\r\n        <a href=\"https:\/\/www.youtube.com\/channel\/UCNHT8lW-JmLC68rjBfZhdkg?sub_confirmation=1\" target=\"_blank\" class=\"youtube-subscribe-button\">\r\n            <span class=\"youtube-icon\">\r\n                <svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 576 512\">\r\n            <div class=\"telegram-channel-container\">\r\n        <a href=\"https:\/\/t.me\/pscnotes2025\" target=\"_blank\" class=\"telegram-channel-button\">\r\n            <span class=\"telegram-icon\">\r\n                <svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 496 512\">\r\n                    <path fill=\"white\" d=\"M248,8C111,8,0,119,0,256s111,248,248,248s248-111,248-248S385,8,248,8z M362,177L320,367c-3,14-10,18-20,14l-56-41l-27,26 c-3,3-5,5-10,5l4-63L323,196c5-5-1-7-8-3l-98,62l-42-13c-9-3-10-9,2-14l162-63C351,160,365,164,362,177z\"\/>\r\n                <\/svg>\r\n            <\/span>\r\n            Join Our Telegram Channel\r\n        <\/a>\r\n    <\/div>         <path d=\"M549.7 124.1c-6.3-23.7-24.8-42.3-48.3-48.6C458.8 64 288 64 288 64S117.2 64 74.6 75.5c-23.5 6.3-42 24.9-48.3 48.6-11.4 42.9-11.4 132.3-11.4 132.3s0 89.4 11.4 132.3c6.3 23.7 24.8 41.5 48.3 47.8C117.2 448 288 448 288 448s170.8 0 213.4-11.5c23.5-6.3 42-24.2 48.3-47.8 11.4-42.9 11.4-132.3 11.4-132.3s0-89.4-11.4-132.3zm-317.5 213.5V175.2l142.7 81.2-142.7 81.2z\"\/>\r\n                <\/svg>\r\n            <\/span>\r\n            Subscribe on YouTube\r\n        <\/a>\r\n    <\/div> dollar in Russias currency market<\/p>\n<p>The rise of the yuan in Russia is part of a broader trend of increasing acceptance of the Chinese currency in international trade and finance. China has been actively promoting the internationalization of the yuan, encouraging its use in cross-border transactions and investing in  to support its use in global markets<\/p>\n","protected":false},"excerpt":{"rendered":"<p>According to data from the Moscow Exchange, the yuan accounted for 23.6% of Russias Foreign Exchange turnover in the first quarter of 2023, while the dollars share was 22.5%. This marks the first time the yuan has surpassed the dollar in Russias currency market The rise of the yuan in Russia is part of a &#8230; <a title=\"Chinas Yuan Replaces Dollar as Most Traded Currency in\nRussia\" class=\"read-more\" href=\"https:\/\/exam.pscnotes.com\/current-affairs\/chinas-yuan-replaces-dollar-as-most-traded-currency-inrussia\/\">Read more <span class=\"screen-reader-text\">Chinas Yuan Replaces Dollar as Most Traded Currency in<br \/>\nRussia<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[595],"tags":[699],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.2 (Yoast SEO v23.3) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Chinas Yuan Replaces Dollar as Most Traded Currency in Russia - Current Affairs Exam<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/exam.pscnotes.com\/current-affairs\/2024\/06\/13\/chinas-yuan-replaces-dollar-as-most-traded-currency-inrussia\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Chinas Yuan Replaces Dollar as Most Traded Currency in Russia\" \/>\n<meta property=\"og:description\" content=\"According to data from the Moscow Exchange, the yuan accounted for 23.6% of Russias Foreign Exchange turnover in the first quarter of 2023, while Join Our Telegram Channel Subscribe on YouTube the dollars share was 22.5%. This marks the first time the yuan has surpassed the dollar in Russias currency market The rise of the ... 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This marks the first time the yuan has surpassed the dollar in Russias currency market The rise of the ... 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