Cryptocurrency

The People's Bank of China is systematically expanding the liquidity of the international yuan: REPO operations have been expanded for 7 days, 1 month and 3 months, and government bonds worth 15 billion yuan have been placed in Hong Kong. At the same time, the number of central banks using NBK swap lines is growing. BCS analysts confirm that the yuan will continue to grow in the medium term. For the Russian Federation, companies trading with China through the yuan circuit are reducing transactio

After the successful pilot of the Brazilian Drex with the UAE digital dirhams and the announcement of the commercial readiness of the Chinese mBridge, technical negotiations on the integration of the two CBDC systems are continuing. There is no direct Drex–mBridge yet, but the UAE participates in both systems simultaneously, and this creates a transit route. For Russian businesses trading with Brazil through China or the UAE, this is a new potential settlement channel on the horizon of 1-2 years

The Chinese Ministry of Finance has placed government bonds worth 15 billion yuan in Hong Kong. This is the next step in the strategy of internationalization of the yuan: Beijing is consistently increasing the supply of yuan instruments on international markets. Analysts at BCS World of Investments: "We believe that the yuan exchange rate will continue to rise in the medium term." There are direct consequences for Russian companies trading through the yuan circuit.

The People's Bank of China plans to launch REPO operations with a certain set of securities for a period of 7 days, 1 month and 3 months in order to increase the liquidity of the international yuan market. The yuan is increasingly being used in international settlements, and other central banks are increasing the use of NBK swap lines. BKS Analysts: "We believe that the yuan's exchange rate will continue to rise in the medium term."