No account yet?
Subscription Options
Subscribe via RSS, or
Free Email Alert

Sign up to receive a daily e-mail alert with links to Dallas Blog posts.

New Site Search
Bill DeOre
Click for Larger Image
Dallas Sports Blog
Local Team Sports News
The Official Site of the Dallas Mavericks
TEX Homepage News

A feed could not be found at

Stars Recent Headlines
Good News Dallas
China Hosts Currency Summit with Russia Print E-mail
by Tom McGregor    Mon, May 19, 2014, 11:58 PM

BEIJING:  China and Russia are holding talks to discuss the devaluation of the US dollar and strengthening of the Russian rouble and Chinese RMB.

According to the Voice of Russia, "Putin also called for stepping up financial cooperation so as to "protect ourselves from fluctuations of rates of the world’s major currencies". "Therefore, ways of boosting mutual settlements in national currencies are being developed," the president said."

Putin is quoted as saying that, "We see a lot of promising areas for investment: various branches of engineering, the processing of farm produce, the mining of economic minerals, and the development of energy transportation infrastructure."

As reported by the Voice of Russia, "He is convinced that "in the light of the turbulence of the world economy, the strengthening of mutually beneficial trade-and-economic contacts and the increase in investment flows between Russia and China acquire colossal importance."

Russia and China are liekly to use their own currency when exchanging goods and services between the two nations.

To read the entire article from the Voice of Russia, link here:

This e-mail address is being protected from spam bots, you need JavaScript enabled to view it

Share This Story on Facebook
Comments (0)add comment

Write comment
smaller | bigger

< Prev   Next >