Following the Chinese was the first step in the Sino-Russian trade currency settlement "first step", Russia also in the years listed directly RMB and rubles. At yesterday's Beijing-Moscow expert video online forum, Russia experts revealed the news at the same time that the renminbi and rubles will be "together" in response to the current "currency war", the dollar continued effective quantitative easing.
Bilateral trade no longer look at the "face" of us $
This Monday, the first Stock Exchange Center for Renminbi and the ruble trading. Trading two years, a slight appreciation of RMB against the ruble, yesterday's middle price is RMB 1 Yuan on 4.7063 rouble.
Sino-Russian trade settlement advance rapidly of the local currency, on numerous export enterprise is undoubtedly a big positive. "We don't have to look at the ' face ' of the US dollar!" yesterday, in Moscow yabaolu clothing shops, Mr. Liu, long to hear the news out of breath.
"We as exporters, all items are priced using RMB. Russia's procurement are first ruble dollars and then converted into RMB price and we settled for the purchasing party, this need to bear the great exchange rate risk. "Mr. Liu. A single $ goods, and finally on delivery time and the original agreement price may be sent out tens or even shijiwanyuan RMB.
Border trade accounted for less than RMB clearing 0.1%
A number of exporting enterprises official said that if the Sino-Russian trade can directly to local currency settlement, Russia's procurement initiative will significantly increase is expected to significantly contribute to the growth of trade between China and Russia.
However, there are also some trade experts pointed out that, before Russia's border local currency settlement pilot, RMB ratio is very low and mainly to rubles to settlement. It is reported that China and Russia in Russian Primorye, Khabarovsk, Transbaikal Kray, Altai State, as well as China's Heilongjiang, Jilin, Inner Mongolia some border city has launched a pilot about a year.
According to Russia's business representatives tsyplakov statistics published by the Russian side, the past year, since the start of cross-border settlement RMB, RMB clearing pilot amount in the Sino-Russian trade in occupies less than 0.1%, only 5300 million and the total amount of trade between China and Russia was $ 381.4 million.
The Academy of Sciences Institute of far east Russia, Deputy Director of the Boer Jia koskov said that at present, the main local currency settlement-Russian trade will also focus on general merchandise areas, commodities such as energy or will be used. "Russia is not capable of ' digestive ' a large amount of RMB. "Best Polster. Schiff said Ko But he also suggested that the two sides can gradually adopt "swap" modes of cooperation, such as the Chinese Yuan to buy Russia's energy use, while the Russians use RMB to imports of consumer goods in China.
Size-Russian local currency settlement will continue to expand
Long been engaged in trade between China and Russia, Mr. Xu of exporters believe that on the one hand, and Russia flows more accredited foreign key or the euro and US dollar, at the same time, the current availability of the renminbi in Russia is still relatively low, and only you can redeem to individual banks. In Russia it is turned on, the renminbi and the ruble by formally transactions, this situation should be changed.
Financial experts pointed out that although the currency cross-border trade settlement to global, but get RMB clearing outside Asia offshore market acceptance still need time. "The dollar is the currency of international status through thirty years and Gold hook remained stable prices are established, maintain the RMB also needs at least ten years of relative stability of the currency can gradually in the international monetary system in the appropriate position. "People's University Institute of finance and Vice President Zhao Tin soldiers.
Moscow University of world economy Professor Avdo yakushin believes that "the Renminbi internationalization might also take a long time, but as a regional currency RMB is just around the corner. "Experts believe that China and Russia local currency settlement size will continue to expand, while the US dollar in the international monetary system" overlord "status will be undermined.
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