bilateral trade

This tag is associated with 6 posts

De-Dollarization: The Dollar Is Slowly Losing Its Status As The Primary Reserve Currency

By Jeff Desjardins, Visual Capitalist The dollar has been a stalwart of international trade over the majority of the last century. Around the time of the formation of the Eurozone, it reached its recent peak at 71.0% of official foreign exchange reserves. Since then, its composition of global reserves has more recently dropped to a more modest … Continue reading

Russia, India Move Closer To Agreement On Settlements In National Currencies

The Central Bank of Russia and The Central Bank of India are moving closer to an agreement to use their national currencies for trade settlements, according to a statement released by Russia’s Central Bank on Friday. The National Banks of Russia and India said they did not see any regulatory restrictions in making settlements in rubles and rupees on … Continue reading

Russia, Indonesia May Switch To National Currencies In Bilateral Trade

Russia has proposed to Indonesia to use their national currencies for trade settlements, said Denis Manturov, Russia’s Minister of Industry and Trade, Russian media reports, just days after Russian Prime Minister Dmitry Medvedev made the same offer to Vietnam. “We [Russia] expect active support in the transition to the use of national currencies in our trade relations with [a number of countries] and Indonesia, too,” … Continue reading

Iran “Seriously Thinking” Of Transition To National Currencies In Trade With Russia

Tehran is seriously thinking of transitioning to national currencies in trade with Russia, the former Iranian Foreign Minister and now the Director of the Strategic Council on Foreign Relations Kamal Kharrasi said on Friday, TASS news agency reports. “Iran will welcome the conclusion of such an agreement in trade exchanges with Russia,” Kharrazi said. “This is a very … Continue reading

Iran, Russia Ink Deal To Create Joint Banking Oversight Body

Iran and Russia have signed an agreement to create a joint regulation body that will oversee interbank financial transactions between the two nations, Iran’s Fars News Agency (FNA) reported on Saturday.  According to FNA, a memorandum of understanding (MOU) was signed by the deputy governors of the Central Banks of Iran and Russia on the supervision of the Central Banks over … Continue reading

Ruble-Yuan Futures Trading To Begin On Moscow’s Exchange On March 17

Ruble-Yuan futures are set to begin trading on the Moscow Exchange (MOEX) on March 17, RT reports on Thursday, citing Moscow Exchange Deputy Chairman Andrei Shemetov. According to Shemetov, the current number of tools offered on the Moscow Exchange that allow investors to hedge currency risks isn’t sufficient, hence why the exchange will  roll out the new hedging instrument as quickly … Continue reading

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