Quote:
Originally Posted by Barry-xlovecam
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How's the ruble doing?  |
before was linked with $ (support by oil price + support credit line from USA)
today floating rate + tried linked with China after sanctions
China establishes yuan-ruble payment system
SHANGHAI (Reuters) - China has established a payment versus payment (PVP) system for Chinese yuan and Russian ruble transactions in a move to reduce risks and improve the efficiency of its foreign exchange transactions.
China has ambitious plans to create a New Silk Road to expand links between Asia, Africa, Europe.
Russia and Central Asia are considered top-priority oil and gas sources for China, the world?s top energy consumer.
https://www.reuters.com/article/us-c...-idUSKBN1CH0ML