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This was announced on August 8, Deputy General Secretary of the Monetary Policy Committee of the Chinese Central Jin Mei Bank during his speech at the opening ceremony of the trade fair in Suyfynhe, the agency Xinhua. According to the Chinese representative, this decision is a result of work to move towards settlements in yuan and rubles between countries.
According to Xinhua, in fact, the ruble has already been used in the city Suyfynhe now People’s Bank of China has legalized the practice. This measure is able to attract the flow of goods and tourists from Russia in the region.
Let’s remind, the Central Bank of the Russian Federation last year otkryd swap line with the People’s Bank of China 150 billion yuan.
The Russian regulator said that this measure is not intended to bring the possibility of transition to settlements in yuan and rubles and refusal of dollar payments and adopted to simplify the credit organizations of Russia and China to access and yuanevoy ruble liquidity.
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