Central Bank of Russia helps internationalise Chinese renminbi

The Chinese Securities Regulatory Commission has announced a new agreement with the Central Bank of Russia in a bid to internationalise China's currency. The new pact will allow for regulatory and supervisory cooperation between the countries while enabling the settlement and clearing of renminbi payments in Moscow. 

By Fola Akinnibi (June 27, 2016, 3:16 PM EDT) -- China continued its push to internationalize its currency on Saturday, announcing a pact with Russia's central bank that will allow settlement and clearing of renminbi payments in Moscow, along with regulatory and supervisory cooperation between the two countries....

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