04/12/17

Russia-China bond market play could start a dollarless financial system



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Russia-China bond market play could start a dollarless financial system
// Silver For The People

gata.org / From Russia Today, Moscow / December 4, 2017

The Moscow stock exchange will soon issue nearly $1 billion of yuan-denominated bonds. It could become the start of a new financial system not based on the U.S. dollar, analysts say.

Russia will issue the 6-billion-yuan (about $900 million) bonds with a five-year maturity in December or January. The central bank says it is testing the water for future investments.

"Such steps will make it possible to ....

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