Economist predicts a bright future for the yuan on the stock exchange

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Economist predicts a bright future for the yuan on the stock exchange


© Andrey Nikerichev / AGN Moscow

In July, Russia rose to third place in the world in terms of the number of transactions with the yuan, notes “360” following a conversation with a financial analyst. According to the expert, the Chinese currency is progressively taking the position of a reserve.

Thus, for the first time, the yuan overtook the dollar in terms of trading volume on the Moscow Exchange. Experts note that the liquidity of the Chinese currency is practically unlimited. Of course, at the moment there are not many tools for using the yuan, but their number will increase due to the prospects of the Chinese currency both from the point of view of foreign trade participants and ordinary citizens.

According to the interlocutor of the TV channel, it is possible that some of the European goods will now “pass through China.”

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