Central Bank of Russia Urges Caution on Yuan Loans Amid Deficit Concerns

Russia's Central Bank has urged domestic financial institutions to exercise caution regarding lending in Chinese yuan, citing a growing currency deficit and the associated risks for lenders. This statement comes amidst ongoing economic pressure faced by the Russian economy, while the yuan increasingly emerges as a popular alternative to other currencies.

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Economist Predicts Yuan Surge Amid Carry Trade Unwinding

Recently, the yuan market has come into particular scrutiny, with a prominent economist from China forecasting a sharp increase in the currency's value in the near future. He attributes this potential surge to the ending of carry trade activities involving international currencies and the unique dynamics of investment flows in China.

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