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China And Russia Sign The Bilateral Currency Settlement Agreement &Nbsp, And The Internationalization Process Of RMB Continues To Advance.
Chinese people
Bank
The evening news announced that
The State Council
Ratification, June 23, 2011, the people's Bank of China and
Russia
The federal central bank has signed a new bilateral currency settlement agreement in Russia.
After the signing of the agreement, Sino Russian currency settlement expanded from border trade to general trade and expanded the geographical scope.
The agreement stipulates that the subjects of economic activities of the two countries can decide for themselves to settle and pay for goods and services with freely convertible currencies, RMB and rouble.
The agreement will further deepen financial cooperation between China and Russia and promote bilateral trade and investment growth.
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