via Russia-China bond market play could kick-start new dollarless financial system — RT Business News

The Moscow stock exchange will soon issue nearly $1 billion-worth of yuan-denominated bonds. It could become the start of a new financial system not based on the US 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.

via Russia-China bond market play could kick-start new dollarless financial system — RT Business News

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