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Yuan to become strongest currency in Russia

This week, the Chinese currency outperformed the US dollar on the Moscow Exchange for the first time, becoming the most traded foreign currency. A total of 64,900 yuan-ruble transactions were completed on Monday. According to the Moscow Exchange Group, trading volume reached ₽70 billion (about $1.2 billion). In contrast, securities trading denominated in US dollars amounted to a volume of only ₽68.2 billion.

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