Tag: #CFETS

Yuan-Ruble Alliance to Reduce Reliance on US Dollar

Shen Weiduo November 25, 2019

Yuan-Ruble Alliance to Reduce Reliance on US Dollar

Beijing. China and Russia signed a memorandum of understanding (MOU) in Shanghai on Tuesday to deepen financial cooperation and push for direct trading between the yuan and the ruble, a move in line with both countries' demand for diversifying reserve assets and reducing dollar reliance amid rising global...More