With bank panic setting in, Russia’s Central Bank sets the Chinese Yuan to become Russia’s main currency

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Chinese Yuan will become Russia’s main currency – Russian Central Bank

The yuan/ruble exchange rate will now set the trajectory for all other currency pairs, including the euro and dollar, the bank’s statement said.

Meanwhile, in many Russian banks there are no dollars available for purchase, Russian media report.

People line up by banks and ATMs, withdrawing cash (rubles included).

The UK have joined yesterday’s US sanctions on Russian stock exchange.

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AC

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