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Russia and China signed an agreement that the two countries would use their currencies in trade instead of the dollar.

According to the newspaper “Izvestia” Russian that the Convention on the use of local currencies instead of the dollar signed by Anton Silwanov, First Deputy Prime Minister of the Russian Finance Minister and Igan, governor of the People’s Bank of China on the fifth of this month.

The signing of the agreement was aimed at improving the settlement of payments resulting from trade with Russia’s economic partners in local currencies and enhancing Russia’s economic security, the paper quoted Deputy Finance Minister Sergei Storchak as saying.

Translated from Tishreen News

Russia and China give up the dollar

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