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Alongside the BRICS de-dollarization plans, the Chinese yuan has officially overtaken the US dollar as the top traded currency in Russia. Indeed, the currency has now In a significant development, the Chinese Yuan has surpassed the US dollar to become the most traded currency in Russia, marking a 2.5% increase. This shift in currency BIS data shows it surpassing Australian, Canadian and Swiss currencies Joint website of the Ministries of Foreign Affairs of the BRICS member States Рус The Chinese yuan outpaced the US dollar to become the most traded foreign currency on Russia's Moscow Exchange in 2025, with the yuan trading volume The Chinese Yuan is officially the top most traded currency in Russia surpassing the US dollar by 2 5 BRICS members China and Russia are settling trade in China’s yuan has replaced the US dollar as the most traded currency in Russia, a year after the invasion of Ukraine led to a slew of Western sanctions against Moscow

BRICS & Chinese Yuan: A New Era - Surpassing the US Dollar as Top Traded Currency in Russia

The global financial landscape is shifting. Alongside the BRICS de-dollarization plans, the Chinese yuan has officially overtaken the US dollar as the top traded currency in Russia. Indeed, the currency has now established its dominance. In a significant development, the Chinese Yuan has surpassed the US dollar to become the most traded currency in Russia, marking a 2.5% increase.

Yuan's Rise in Russia: A Consequence of Shifting Global Dynamics

This shift in currency preference within Russia is a direct consequence of Western sanctions imposed following the invasion of Ukraine. China’s yuan has replaced the US dollar as the most traded currency in Russia, a year after the invasion of Ukraine led to a slew of Western sanctions against Moscow. The Chinese yuan outpaced the US dollar to become the most traded foreign currency on Russia's Moscow Exchange, showcasing a significant change in trading volume.

BRICS De-dollarization and the Yuan's Ascendancy

The BRICS nations' push for de-dollarization is further accelerating this trend. BIS data shows the Yuan surpassing the Australian, Canadian and Swiss currencies in global trading volume. BRICS members China and Russia are settling trade in their respective currencies, solidifying the yuan's position. Joint website of the Ministries of Foreign Affairs of the BRICS member States Рус discusses these trends in detail.

The Chinese Yuan is Officially the Top Most Traded Currency in Russia

Make no mistake, the transformation is complete. The Chinese Yuan is officially the top most traded currency in Russia surpassing the US dollar by 2.5%. This marks a pivotal moment in international finance, signaling a potential decline in the US dollar's global influence and the rise of the Chinese yuan as a major player. The Chinese yuan trading volume now reflects this new reality.

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