MOSCOW, Dec. 15 (Xinhua Zhang Guangzheng) rubles - the yuan traded ceremony the morning of December 15 at the Moscow Interbank Currency Exchange, Russia became the yuan traded outside of the first country.
15, Moscow time, 10 am, shares of ICBC Moscow in the Moscow Interbank Currency Exchange to sell 168,000 yuan, also bought 778,680 rubles (the ruble transactions and parity of RMB as 1:4.635), completed the day the first transaction. As of 10:57:47, the Moscow Interbank Currency Exchange completed a total of 29 pen rubles and yuan transactions.
It is reported that the Moscow Interbank Currency Exchange, the ruble and the yuan the next day, trading hours of between 10 to 11 Moscow time, the amount of each transaction to 1,000 yuan as the basic unit, the day of delivery by way of clearing. Ruble against the RMB spot transactions Maker System, the Moscow Stock Company Commercial Bank of China as market makers, undertake corresponding obligations, to provide continuous bilateral trading of the RMB against the ruble offer, to ensure market liquidity and promote trading volume of RMB gradually increased. Ruble and the yuan traded bid-ask spread will be controlled within 3%.
Chinese Ambassador to Russia at the ceremony, Mr Li said the yuan - the ruble is traded in November this year, the fifteenth regular meeting of Sino-Russian Prime Minister one of the important results is the strategic partnership between the two countries a vivid manifestation of the deepening, China-Russia economic, trade and financial relations is a historic event in history, will speed up the process of internationalization of the two currencies, and currencies in regional play an important role.
Li pointed out that the wealth of the ruble and the yuan traded between the two trade settlement currency, to the enterprise and the market has brought more choices, help to reduce transaction costs and exchange rate risk, to bring innovative financial products, and as China and Russia economic, trade, financial cooperation, healthy and stable development of new impetus.
Industrial and Commercial Bank of China shares, general manager of the Moscow People's HNICAL to reporters that the current MICEX ruble and the yuan transactions are inter-agency transactions, not yet for the individual. Deputy Governor Central Bank of Russia Viktor Melnikov noted that, in areas bordering China and Russia, 6 years ago and the ruble has already begun to implement the direct convertibility of RMB, has recently appeared in Moscow one of the few RMB to foreign exchange point of sale.
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Apr 20, 2009
