Tag: Euro

  • Yuan deposits replace dollar and euro in Russian banks

    Yuan deposits replace dollar and euro in Russian banks

    With Russia now officially departing from both the US dollar and the euro, the state-owned VTB Bank has offered its clientele the opportunity to start Chinese yuan savings accounts that yield a maximum interest rate of 8%. The country‚Äôs second-biggest bank has been hit by the Western sanctions aimed at the total financial isolation of […]