Russia and China Building Yuan-Based Alliance Against Dollar

Events are truly picking up pace now and The Chinese yuan is nearing to become a true international currency. In October, the Chinese currency will be added by the International Monetary Fund (IMF) to its list of reserve financial instruments. A day before the Eastern Economic Forum 2016 started in Russia’s Vladivostok the Russian-Chinese

Financial Council held a meeting to discuss boosting ties between Russian and Chinese financial organizations. Currently, the council comprises 27 Russian and 29 Chinese financial institutions. The council is aimed at facilitating transactions in capital markets and promoting payments in national currencies. READ MORE