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Russia and Mongolia make mutual payments in rubles and RMB

Moscow, Apr 25 (Prensa Latina) Russia and Mongolia have started making nearly all their mutual payments in rubles and Chinese renminbi (RMB), thus freeing themselves from dependence on the US dollar, Russian Deputy Prime Minister Alexei Overchuk said.

It is a good trend to switch payments from the US dollar to national currencies or Chinese RMB, which are a friendly currency for us, the official said in an interview with the Sputnik news agency on Thursday.

In general, we have already given up the US dollar and have almost completely switched to making payments in rubles and RMB, he said on the sidelines of the international scientific-practical conference ‘Current Problems of Russian-Mongolian Cooperation.’

The ruble’s share makes up 22 percent, and the RMB’s is 68 percent in Russia-Mongolia trade, Overchuk added.