BEIJING, Nov. 27 (Xinhua) – The RMB and Russian Ruble (RUB) settlement in China's interbank market amounted to 4.9 billion yuan (about 706 million U.S. dollars) in the third quarter of 2018, up 105 percent over the same period last year, reported Russian news agency TASS on November 21, quoting Vladimir Danilov, head of the Central Bank of Russian Federation (CBRF) in China.
Foreign trade contracts signed by Chinese enterprises have seen continuous increase in settlement in RMB and RUB in goods and service trade in 2017 and 2018, and CBRF will further support its Chinese partners in financial system liberalization and RMB integration, noted Danilov. (Edited by Gu Shanshan)
A single purchase
