Russian banks say they've run out of yuan as Chinese firms pull away from the nation
Russian banks say they've run out of yuan as Chinese firms pull away from the nation
Payment scuffles between Russian companies and Chinese banks have escalated in recent weeks, with Chinese firms pulling back amid fear of sanctions.
- Russia's yuan reserves are nearly depleted due to Chinese banks' fear of US sanctions.
- Lenders have urged Russia's central bank to address the yuan deficit, causing the ruble to drop.
- China's hesitance stems from US threats of secondary sanctions over Russia's Ukraine war financing.
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Wow, that's too bad. Anyway make sure you've got plenty of Rubles in your bathroom for when they make TP the national currency, bub.
The Ruble is worth more now than before the war startedYour graph is showing dollars vs rubles, dumbass. Compare rubles vs dollars over 5 years and it's the direction we all know it to be. https://www.tradingview.com/symbols/RUBUSD/
I didn't realize that was different
Both graphs are showing the same thing - Russian currency weakening. Your's just shows how many rubles it takes to buy a dollar (not something you want going up if you've got rubles).