Trading in Chinese Yuan starts on BCSE
In order to expand the range of financial instruments available for trading participants, taking into account the progressive development of Belarusian-Chinese relations and the growing use of national currencies in mutual trade, the Belarusian Currency and Stock Exchange provides the opportunity to make transactions with the Chinese Yuan in the BCSE trading system from March 18, 2022.
Trading participants will be enabled to conduct currency exchange transactions in the continuous double auction mode with settlements on the transaction day for the Chinese Yuan/Belarusian Ruble (CNY/BYN_TOD) currency pair.
The rate is set in Belarusian rubles for 10 Chinese Yuan. Settlements in Chinese Yuan upon the trading results will be carried out through a commercial bank-resident of the Republic of Belarus. As the BCSE Chairman of the Board Andrey Aukhimenia noted, the launch of exchange trading in Chinese Yuan is one of the most important steps in creating the necessary infrastructure for converting foreign trade settlements into the national currencies of Belarus and China.
