China Willing to Accelerate Launch of Currency Swap With Russia

SputnikNews.com
08.07.2015

China’s Chairman of International Trade said that China wants to increase the amount of settlement in national currencies and accelerate the launch of currency swap agreements with Russia.

China is willing to accelerate the launch of currency swap agreements with Russia. It also wants to increase the amount of settlement in national currencies, said the Chairman of International Trade Negotiations of the Ministry of Commerce Zhong Shan.

>Shan recalled that the agreement which was signed last year with the central banks of the two countries on the currency swap of 150 billion yuan is an important step for jointly confronting global and regional financial risks.

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