The swap agreement will boost the potential for using Russian rubles and Chinese yuans in trade settlements
The Russian and Chinese monetary regulators have agreed a draft document on national currency swaps, the Central Bank of Russia said on Thursday.
“The draft document between the Central Bank of Russia and the People’s Bank of China on national currency swaps has been agreed by the parties” and is at the stage of formal approval procedures, the Russian regulator’s press office said.
More @ ITAR-TASS
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