术语表    网站地图     中文版
About  PBC Management Team Former Governors News Speeches Monetary Policy
Survey & Stat. Rules & Regulation Financial Stability Publications Links
Adv.Search
     |  You are here:HomeNews

China and Russia Signed New Bilateral Local Currency Settlement Agreement

 
Font Size Big Medium Small 2011-06-23 18:50:41
print  close

Authorized by the State Council, the People’s Bank of China signed a new bilateral local currency settlement agreement with the Central Bank of the Russian Federation on June 23, 2011 in Russia. With the signing of the Agreement, Chinese and Russian bilateral local currency settlement will cover not only border trade but also general trade, with expanded geographic area. According to the new agreement, economic entities from both countries will be able to conduct settlements and payments for trade of goods and services with a currency of their choice, either a freely convertible currency, RMB or the ruble. The agreement is expected to deepen financial cooperation and promote bilateral trade and investment between China and Russia.

print close
E-mail:webbox@pbc.gov.cn Tel:86-010-66194114 Addr: No.32 Chengfang street,Xi Cheng district,Beijing,China PostCode:100800