Russia, China agree currency swaps to cut dependence on U.S. dollar | PanARMENIAN.Net

“The agreement will stimulate further development of direct trade in yuan and rubles on the domestic foreign exchange markets of Russia and China,” the Russian regulator said.

Currently, over 75 percent of payments in Russia-China trade settlements are made in U.S. dollars

via Russia, China agree currency swaps to cut dependence on U.S. dollar – PanARMENIAN.Net.

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