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The following article was published in our article directory on December 17, 2010.
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Ruble RMB Officially Listed for Trading in Moscow

Article Category: Business Management

Author Name: xia zihui

Moscow Interbank Currency Exchange was held on December 15 rubles - the renminbi traded ceremony, which marks the renminbi outside Russia became the first country listed and traded, and in Russia with the U.S. dollar and the euro gained the same status.

Li Chinese Ambassador to Russia, the Russian central bank vice governor Viktor Melnikov, the Moscow Interbank Currency Exchange Azerbaijan Ganbie Ji Young, president and Bank of China, Industrial and Commercial Bank of China, Sino-Russian media representatives and diplomats and other Chinese Embassy in Russia More than 100 people attended the ceremony of the transaction.

In his speech, Ambassador Li first extended a warm congratulations to the ruble - the official renminbi traded in Moscow, he pointed out that the yuan and the ruble is traded in November this year, Russian Prime Minister fifteenth regular meeting of the important results is one of the strategic cooperation between the two countries Partnership for a vivid manifestation of the deepening, but also the history of China-Russia economic, trade and financial relations, a major event of historic significance, will accelerate the process of internationalization of the two currencies, and currencies in regional play an important role. He stressed that the ruble - a wealth of RMB traded currency trade settlement between the two countries, to the enterprise and the market has brought more choices, help to reduce transaction costs and exchange rate risk, to bring financial product innovation, and the Sino-Russian trade and financial cooperation and the healthy development of the new impetus. His last wish rubles - opening RMB traded down, I wish the bilateral trade and economic and financial cooperation to flourish.

A Ganbie Ji Yang said in his speech, president, start rubles - an increase of RMB trading is the foreign exchange market instruments Russia has taken an important step. Interested in recent Russian banks RMB transactions increased, showing the Russian financial market transactions carried out broad prospects for the RMB. MICEX became the first outside China for yuan trading platform honor, willing to actively carry out all work for the transaction to provide quality service assurance.

Viktor Melnikov, Vice President and Bank of China and ICBC were also speak on behalf of, positive evaluation of the ruble - traded to the expansion of renminbi banking business and the development of bilateral economic and trade cooperation between the two countries the importance of the banking industry, said today the two countries important for an exciting day, marking the financial cooperation between the two countries are entering a new era.

Rubles - RMB traded the first hour after the start of creating a turnover of nearly 500 million yuan and 23 million rubles of success. Site people rejoiced, for the ruble - the development prospects of the RMB trading is full of confidence.

Rubles - the date of delivery of the RMB trading temporarily, 100% advance deposit of the way, the MICEX in Russia by the National Clearing Center RMB residents to open bank settlement accounts, transactions daily from 10 am Moscow time until 11.

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