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China And Russia Sign The Bilateral Currency Settlement Agreement &Nbsp, And The Internationalization Process Of RMB Continues To Advance.
The people's Bank of China announced in the evening that China was approved by the State Council in June 23, 2011.
People's Bank of China
A new bilateral currency settlement agreement was signed with the Central Bank of Russian Federation 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 provides for the two countries.
economic activity
The principal may decide for himself to use freely convertible currencies, RMB and rouble.
commodity
And settlement and payment of services.
The agreement will further deepen financial cooperation between China and Russia and promote bilateral trade and investment growth.
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