Yuan opened a week with the maximum fortification in a month and a half and grew to Marta

On Monday, Yuan demonstrated the most significant growth since March 19 due to the increase in the reference course of the Central Bank of the country - the People’s Bank of China (NBK). The growth also contributed to reports that leading China banks were selling dollars to support the national tax, Interfax reports.

At the auction in Shanghai, Yuan rose 0.35% - to 6.3230 per dollar, maximum in almost two months. Meanwhile, in Hong Kong, the cost of Chinese national currency increased by 0.27% to 6.3215 per dollar.

On Monday, the NBK established the official yuan course 0.14% higher than the level declared by the Central Bank on October 9 - 6.3406, which is the highest value from August 12.

The Shanghai Composite stock index grew to a maximum in seven weeks, since investors expect that China’s authorities will strengthen the economy support measures.

At the annual meeting of the International Monetary Fund in Peru, the head of the NBK and Gan confirmed China's commitment to the idea of ​​a more flexible currency regime. The Chinese Central Bank will keep Yuan stable for the next two to three weeks, until the IMF will voice its decision on the basket of backup currencies. The yuan actively achieves the inclusion in it of the PRC.

According to SWIFT, in August, Yuan first rose in fourth place among world currencies, most often used in international calculations, ahead of the Japanese Ien. However, its share in the calculations remains low - 2.8%.