The Russian Far East moved to the Yuan

The global economy rules igry18-12-2007 Russian Far East moved to the Yuan in the bordering regions of China, Russia actually legalized circulation of Chinese currency. Now take the yuan to be exchanged for U.S. Dollars (or vice versa) South Siberian and Far East Savings Bank. However, nothing criminal in it is not: thus the authorities of both countries decided to formalize a local cross-border trade, creating the conditions for calculating the Russians and Chinese in their national currencies. Were you able to push the U.S. dollar as the main means of payment - this is our conversation with the head of the Bank of Russia's Khabarovsk region Galina brown. As an experiment, starting with 1 quarter of 2003, settlements and payments for trade in border areas between Russian banks and affiliates, registered in Blagoveshchensk, Amur region, and Chinese banks and branches located in the city of Heihe, Heilongjiang Province, together with calculations in freely convertible currencies are done in rubles and yuan. This became possible after signing in August 2002 of the Agreement between the Central Bank of Russian Federation and the People's Bank of China on interbank settlements to trade in border areas.