China, Russia Form New Currency Payment System for Independent Reserve Currency

377 views · Published 29 November 2017 · 1:29 · Indexed 23 October 2026

Channel: Yicai 第一财经 · 2017 · Nonprofits & Activism

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People’s Bank of China (PBOC) has set up of a payment versus payment (PVP) yuan-ruble payment system for financial businesses to lower exchange rate risks in trade, cankaoxiaoxi.com reported.

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