Russia’s Rouble and China’s Yaun in a Trade…

The Rouble...

The Russian rouble  has a position on the Chinese market. From now on it will be traded equally with Australia`s and Singapore`s dollar, the Japanese yen and South Korea`s won.

The Russian government has been working with China to get the rouble used as a trade currency. So now it has happened the yaun is trading against the rouble…

This is to relieve the use of the dollar and euro as dominant currencies.

Interesting Tidbit of information… (Link)

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