Xinhuanet.com Moscow in December 15 report (reporter Liu Kai) on the ruble exchange RMB 15 in Russia Moscow interbank currency exchange (MICEX) listing, Russia became the first outside China to realize RMB direct trading countries.
Analytic personage points out, this will expand the bilateral currency swap,michael kors, deepening bilateral trade and investment cooperation,abercrombie, to promote the internationalization of RMB to provide assistance.RMB in Russia successfully listed China and Russia as an important strategic partner, in recent years, the bilateral trade and investment dimensions expands ceaselessly, financial cooperation is increasingly close, bilateral currency cross-border settlement cooperation foundation strengthening,michael kors outlet.
In 2002,air jordan pas cher, the two countries' central banks signed the Sino-Russian border trade in local currency settlement agreement, 8 years to expand the scale of tens of times settlement.For expanding the scope of local currency settlement,hollister, to carry out direct transactions to lay a solid foundation for.
Since this year, Sino-Russian economic and trade cooperation to emerge from the financial crisis, 10 months before the bilateral trade volume reached 45100000000 U.S. dollars, an increase of 43.4%,abercrombie france, annual is expected to approach or exceed $50000000000, the RMB business in Russia's development provides a strong resources, also makes the RMB against the rouble direct trading opportunity matures,hollister france.
On November 22nd,abercrombie, the people's Bank of China authorized, the China Foreign Exchange Trading Center announced in China interbank foreign exchange market on the ruble's trading in renminbi,abercrombie france.On November 23rd, Chinese Premier Wen Jiabao in St Petersburg with Russian Prime Minister Vladimir Putin held the fifteenth regular meeting with Russian Prime Minister later signed a joint communique, put forward clearly to “ both support the RMB and the rouble in Russia and China interbank exchange market transactions, which will enhance the bilateral settlement efficiency, reduce expenditure of foreign exchange and create conditions for ”.
According to the Moscow interbank currency exchange, RMB on the ruble transactions execute market maker system,www.hollisterafranceumagasin.com, namely the market maker to provide a continuous RMB on the rouble and bilateral quotations, provide liquidity to the market.
Transaction time is 10 pm to 11 pm Moscow time, the amount of each transaction to 1000 yuan as the basic unit, using the delivery settlement of funds, bid-ask spread within the control of the 3%.The first trading day, a total of 9 banks of the sum of 29 yuan business,air jordan, the total turnover of 4915000 yuan,franklin marshall.
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