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The Ministry of Economic Development calculated the yuan exchange rate in the macro forecast for the first time
10:20; 19 September 2024 year
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The Ministry of Economic Development has included in the forecast of socio-economic development of the Russian Federation for the next year and the planning period 2026-2027 the exchange rates of the yuan to the ruble with an accuracy of up to a month. This is reported by «Vedomosti»/a> with reference to the draft document.
The basic version assumes that the yuan will rise in price from 12.4 rubles at the beginning of the year to 12.6 rubles in December in 2024.In 2025, the price of the yuan will be in the range of 12.6 to 13.4 rubles.
It is noted that in the next two years, the yuan will continue to rise in price against the Russian currency: in 2026, on average, to 13.7 rubles, in 2027, to 14.4 rubles. However, in a conservative version, the PRC currency will overcome the mark of 15 rubles in December 2027.In August 2023, the Bank of Russia reversed the exchange rates on its website: the yuan appeared instead of the dollar, which traditionally stood in the first place. Last year, the yuan became the most traded currency on the Moscow Stock Exchange.
Earlier Chairman of the Government of the Russian Federation Mikhail Mishustin stated that the share of settlements between Russia and China in national currencies exceeded 95%.
