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China And Russia To Edge Closer To Reducing US Dollar Reliance With Moscow Set To Launch First Yuan Bond

China And Russia To Edge Closer To Reducing US Dollar Reliance With Moscow Set To Launch First Yuan Bond
Image by Kremlin.ru

Moves by China and Russia to reduce reliance on the US dollar are set to continue at the end this year or early next year with the Ministry of Finance in Moscow likely to launch its first yuan-denominated bond.

Moscow is hoping a yuan bond will lift interest by Chinese investors in Russian assets and it would also help to create benchmarks for the setting up of hedging options for roubles and yuan, sidestepping the use of the US dollar…

To read more visit the South China Morning Post.

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