Russian banks seek yuan liquidity boost
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yuan lendingInsider
•Russia's central bank and lenders tell each other to resolve the country's yuan supply squeeze
84% Informative
Russia 's central bank and lenders are asking each other to preserve the country's stash of Chinese yuan.
Russian banks called for increased central bank currency swaps because they needed to use the mechanism to cover their foreign currency lending.
But the Russian central bank said currency swaps are a short-term, not a long-term solution to yuan supply.
VR Score
84
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