Russia, China Abandon Dollar In Trade Agreement
Dec 9, 2010 at 6:21 AM
DailyBail in china, china, currency, dollar, dollar, russia, russia, trade

Vlad and Jiabao do not like QE2...

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Russia and China have lifted restrictions on trade in the rubles and the yuan in a bid to boost bilateral trade and economic cooperation, following the results of a meeting between Russian Prime Minister Vladimir Putin and his Chinese counterpart Wen Jiabao on Tuesday.

In 2002, Russia and China started an experiment in their border areas, which allowed Russian and Chinese banks to open ruble and yuan accounts. A year later, the Bank of Russia and the People's Bank of China signed an agreement on trade in national currencies.

ST PETERSBURG, November 23 (RIA Novosti)

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