Nov 16, 2010
China may start trading the yuan against the ruble within weeks, Dow Jones Newswires quoted a China Foreign Exchange Trade System spokesman as saying on Tuesday.
The spokesman remained tight-lipped on the two currencies’ planned exchange rate, only adding that preparations for relevant trading sessions are coming to a close.
Early this year, Moscow and Beijing agreed to start trading in each other’s currencies in a bid to diminish the dollar’s role in global trade.
Source: The Voice of Russia.
Link: http://english.ruvr.ru/2010/11/16/34654981.html.
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