Anonymous crypto exchange crypto wallets and more no verification Anonymous crypto exchange
Forex News

Chinese, Russian cenbanks to discuss use of national payment systems

2022.05.05 18:11

2/2
Chinese, Russian cenbanks to discuss use of national payment systems
FILE PHOTO: People wearing face masks walk past the headquarters of Chinese central bank People’s Bank of China (PBOC), April 4, 2020. REUTERS/Tingshu Wang

2/2

(Reuters) – The Chinese and Russian central banks will discuss the use and promotion of their respective national payment systems in both countries, Beijing’s envoy to Moscow told the TASS news agency in an interview published on Thursday.

“Regarding the promotion and use of the Mir and China UnionPay national payment systems in both countries, this question will be decided by the two sides’ central banks at consultations,” Zhang Hanhui said.

Mir and UnionPay are among the few options left for Russians to make payments abroad since Russian banks were isolated from the global financial system in response to what Moscow calls its “special military operation” in Ukraine.

Visa Inc (NYSE:V) and MasterCard Inc are among the many Western companies to have suspended operations in Russia.

China has refused to condemn Russia’s actions in Ukraine and has criticized the unprecedented Western sanctions on Moscow. The two countries have bolstered ties in recent years, including announcing a “no limits” partnership in February.

The ambassador said China would make use of a clearing bank for operations in yuan on Russian territory to ensure the sustainable development of national trade, which Russia expects to reach $200 billion by 2024.

He also said that China and Russia were not advocating for the rejection of U.S. dollar and euro settlements in bilateral trade.

Source

Related Articles

Leave a Reply

Back to top button
bitcoin
Bitcoin (BTC) $ 94,229.25 0.02%
ethereum
Ethereum (ETH) $ 3,130.34 3.68%
xrp
XRP (XRP) $ 2.52 0.88%
tether
Tether (USDT) $ 0.99986 0.01%
bnb
BNB (BNB) $ 685.93 0.82%
solana
Solana (SOL) $ 182.99 2.22%
dogecoin
Dogecoin (DOGE) $ 0.33701 0.73%
usd-coin
USDC (USDC) $ 1.00 0.02%
cardano
Cardano (ADA) $ 0.944399 2.22%
staked-ether
Lido Staked Ether (STETH) $ 3,128.54 3.73%
tron
TRON (TRX) $ 0.222676 4.04%
avalanche-2
Avalanche (AVAX) $ 35.30 2.96%
sui
Sui (SUI) $ 4.72 0.22%
the-open-network
Toncoin (TON) $ 5.28 0.17%
wrapped-steth
Wrapped stETH (WSTETH) $ 3,696.08 4.32%
stellar
Stellar (XLM) $ 0.419214 0.67%
shiba-inu
Shiba Inu (SHIB) $ 0.000021 1.32%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 94,300.27 0.22%
chainlink
Chainlink (LINK) $ 19.41 1.56%
hedera-hashgraph
Hedera (HBAR) $ 0.276137 0.14%
weth
WETH (WETH) $ 3,128.50 3.67%
polkadot
Polkadot (DOT) $ 6.39 3.05%
leo-token
LEO Token (LEO) $ 9.18 0.16%
bitcoin-cash
Bitcoin Cash (BCH) $ 427.16 4.63%
bitget-token
Bitget Token (BGB) $ 6.56 7.87%
uniswap
Uniswap (UNI) $ 12.88 5.25%
litecoin
Litecoin (LTC) $ 98.45 3.60%
hyperliquid
Hyperliquid (HYPE) $ 21.61 2.21%
pepe
Pepe (PEPE) $ 0.000017 4.42%
wrapped-eeth
Wrapped eETH (WEETH) $ 3,306.11 3.68%
usds
USDS (USDS) $ 0.999657 0.17%
ethena-usde
Ethena USDe (USDE) $ 0.999019 0.20%
near
NEAR Protocol (NEAR) $ 4.74 4.07%
aptos
Aptos (APT) $ 8.47 3.50%
internet-computer
Internet Computer (ICP) $ 9.78 4.11%
aave
Aave (AAVE) $ 290.73 1.14%
monero
Monero (XMR) $ 202.77 1.85%
polygon-ecosystem-token
POL (ex-MATIC) (POL) $ 0.438162 2.27%
ethereum-classic
Ethereum Classic (ETC) $ 24.55 2.40%
mantle
Mantle (MNT) $ 1.10 3.32%
crypto-com-chain
Cronos (CRO) $ 0.13427 2.08%
mantra-dao
MANTRA (OM) $ 3.80 0.86%
render-token
Render (RENDER) $ 6.95 1.86%
vechain
VeChain (VET) $ 0.043184 2.55%
dai
Dai (DAI) $ 1.00 0.02%
bittensor
Bittensor (TAO) $ 420.62 4.35%
fetch-ai
Artificial Superintelligence Alliance (FET) $ 1.24 3.82%
filecoin
Filecoin (FIL) $ 4.93 2.64%
kaspa
Kaspa (KAS) $ 0.117234 0.27%
arbitrum
Arbitrum (ARB) $ 0.703737 3.12%