BUCE to pay exchange charges, upfront sums and settle accounts under exchange contracts in Chinese yuan
MINSK, Jul 8 - PrimePress. The Belarusian Universal Commodity Exchange (BUCE) will soon be able to pay exchange charges, upfront sums and settle accounts under exchange contracts in Chinese yuan, the BUCE press office reports.<br> <br> Currently, only Belarusian and Russian rubles, euros and U.S. dollars are used. Payments in CNY will begin because of a significant increase in the number of stock exchange transactions made by Chinese companies.<br> <br> BUCE has accredited 45 Chinese companies, over a half of which regularly participate in trading. Special trading sessions on sawn timber sales to China are held once in 2 weeks, which contributes to growth of trade turnover with China. According to BUCE, trade turnover with China in January-June 2021 stood at $25.6 million compared with $13.4 million in entire 2020.<br> <br> The Belarusian Universal Commodity Exchange OJSC was established in 2004. The first auction took place on June 2, 2005. BUCE has accredited 26,254 companies, including brokers’ clients and 5,218 non-residents. End<br> <br>
2021-07-08
Primepress
BUCE to pay exchange charges, upfront sums and settle accounts under exchange contracts in Chinese yuan
Currently, only Belarusian and Russian rubles, euros and U.S. dollars are used. Payments in CNY will begin because of a significant increase in the number of stock exchange transactions made by Chinese companies.
BUCE has accredited 45 Chinese companies, over a half of which regularly participate in trading. Special trading sessions on sawn timber sales to China are held once in 2 weeks, which contributes to growth of trade turnover with China. According to BUCE, trade turnover with China in January-June 2021 stood at $25.6 million compared with $13.4 million in entire 2020.
The Belarusian Universal Commodity Exchange OJSC was established in 2004. The first auction took place on June 2, 2005. BUCE has accredited 26,254 companies, including brokers’ clients and 5,218 non-residents. End