Belarus to include renminbi in basket of foreign currencies

The Chinese currency renminbi, or the yuan, will be included in the basket of foreign currencies of Belarus as of July 15, the National Bank of Belarus said on Wednesday.

According to the press service of the National Bank of Belarus, the decision was made after assessing the changes in foreign economic flows and in the volume of trade in relevant currencies in 2022.

The official exchange rate of the Belarusian ruble against renminbi will be set based on the results of trading at the Belarusian Currency and Stock Exchange.

The bank said it will set the weights of currencies as follows: 50 percent for the Russian ruble, 30 percent for the U.S. dollar, 10 percent for euro, and 10 percent for renminbi.