IPFS News Link • Economy - Economics USA
China, Russia quit dollar
• China Daily China and Russia have decided to renounce
the US dollar and resort to using their own currencies for bilateral
trade, Premier Wen Jiabao and his Russian counterpart Vladimir Putin
announced late on Tuesday.
The yuan has now started trading against
the Russian rouble in the Chinese interbank market, while the renminbi
will soon be allowed to trade against the rouble in Russia, Putin said.
