Russia & China agree to ditch US dollar in favor of trade in ruble and yuan

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Russia & China agree to ditch US dollar in favor of trade in ruble and yuan

Posted by The Analyst | June 28, 2019 | Business
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Moscow and Beijing have inked an intergovernmental agreement to switch to national currencies in bilateral trade and boost cross-currency settlements up to 50 percent as they ramp up efforts to move away from the US dollar.
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