nakedempire


The American Empire in a Changing World



Pages

Sunday, April 29, 2012

''Russia, China to trade in national currencies''

From Voice of Russia

"Russia and China have started making mutual payments in trade in their national currencies, Chinese Deputy Commerce Minister told reporters in Moscow on Saturday.

“The Chinese yuan is now a hard currency in Russia,” Chong Shan said, adding that the two countries were mulling a joint investment fund.

In the past 12 months the bilateral trade figure has reached almost $80 billion, and the volume of direct investment now stands at $4 billion.''

No comments:

Post a Comment