The Iran Project
: Russian President Vladimir Putin has said the vast majority of transactions between Russia and China are now being conducted in their national currencies, describing dedollarization as an "inevitable" process.
Thursday 16 May 2024 - 19:39
Story Code : 421689
Source : IRNA
National currencies used in 90% of Russia-China transactions: Putin
Putin hailed the growing cooperation between the two allies in various fields, especially in trade, saying the decision to carry out transactions in national currencies has been a "powerful impetus" to the expansion of bilateral trade.
He noted that 90% of all payments between Russia and China are made in rubles and yuan.
The Russian president emphasized that the process of dedollarization of the national and international economy is "inevitable".
President Xi of China greeted Putin as an "old friend" and emphasized that relations between their respective countries have stood the test of time.
Reporter : Editorial of The Iran Project
# Tags
