KTFA Samson » September 1st, 2022 On top of the yuan, Russia is heading to buy 70 billion dollars of “friendly currencies” 1st September, 2022 Russia is considering a plan to buy up to $70 billion in yuan and other friendly countries’ currencies this year to slow the ruble’s rise before turning to a long-term strategy to sell off its holdings of Chinese currency to fund investment. The yuan extended gains briefly against the dollar and rose to the highest level in the session. The lira also rose 0.2% on the back of this news, trading 0.1% higher at 18.1754…
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