“From January 19, 2023, the Bank of Russia is launching a new standing instrument for providing yuan - swap transactions for the sale of yuan for rubles with their subsequent purchase for a period of 1 day with settlements for the first part of the transaction on the date of its conclusion and settlements for the second part of the transaction on the next business day," the regulator's website says.
It is noted that the daily maximum limit on this instrument from January 19 will be set at 10 billion yuan.
If necessary, the Bank of Russia will adjust this limit.
Earlier, financial consultant, analyst, founder of the Invest Era project Artyom Nikolaev, in an interview with PolitExpert, also spoke about the features of investment tools.