Cbank: Trade on Russian currency mkt rises to 8 tln rbl in June

MOSCOW, Jul 10 (PRIME) -- The combined trade on the Russian currency market grew to 8.1 trillion rubles in June from 7.6 trillion rubles in May, the central bank said in a market review on Monday.

The share of sales of foreign currency by exporters shrank to 22.9%, or to U.S. $7 billion, in July, and the share of the Chinese yuan on the exchange market rose to 39.8%, the regulator said.

The share of export ruble settlements increased to 39% and import settlements to 30% in May as the share of so-called toxic currencies fell to 33% in exports and 35% in imports. The share of the Chinese yuan in Russia’s external trade operations grew to 25% in exports and to 31% in imports, the central bank said.

Russians bought 7.1 billion rubles of foreign currency on June 24, but the net purchases of foreign currency amounted only to 300 million rubles in June because of the sales in other days, the authority said.

The central bank also said that interest of retail investors to the stock market has been recovering since the beginning of the year, and retail investors with investment amounting to below 1 million rubles were focused on the Russian companies that publish their financial reports, while for large investors with investment exceeding 10 million rubles, the financial reports of companies were not as important.

(91.6879 rubles – U.S. $1)

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