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CB Signs MOU with Bank of China

17.12.2015 12:00 / TASS

Bank of Russia CEO Elvira Nabiullina and Chairman of the People’s Bank of China Zhou Xiaochuan signed an MOU in Bejing, promoting mutual cooperation, says CB press release.

Cooperation priorities include promoting settlement in national currencies to boost independence from foreign financial instruments, continuing joint efforts in building a national payment system liaison, offering mutual access to national currency bond flotation in Russia and China, and coordinating measures aimed at effective use of credit ratings, and joint efforts to reduce the impact fo foreign ratings on legislation, regulation and market activity.

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