The next step in the RMB alliance rubles.

<P> 1992, the opening of border trade between China and Russia, China, "profiteers" who will replace the vehicle's commodity bundles of rubles in Moscow. .However, they sweat the rubles in circulation but not in China; Russian customs are not allowed out of the Chinese people outside of the ruble. .</ P> <P> if not promptly rubles into dollars, it will re-purchase money in China, the ruble - USD - RMB chain, so that "profiteers" who lost a huge "exchange difference." .</ P> <P> "profiteers" who recently had 18 years of trouble solution. .Following the November 22 rubles to become China's interbank foreign exchange market trading, after the first 7 foreign currency, Chinese Premier Wen Jiabao and Russian Prime Minister Vladimir Putin in St Petersburg also recently announced two countries decided to implement national currency trade settlement. .</ P> <P> In addition, the RMB will be landing this month, the Russian currency traded. .</ P> <P> inter-bank credit is the key </ P> <P> Although foreign trade enterprises is a major positive, but the present situation, future monetary cooperation between the two countries need to be further deepened. .</ P> <P> foreign exchange analyst at Bank of China, Zhang Di, told the "China Economic Weekly", the two currencies traded bilateral certainly help promote the development of cross-border trade, the RMB settlement, but only by the central bank to promote the two countries .not enough, need each other inside and outside the bank with RMB credit, "which requires the government to come forward to sign bilateral agreements of equality, mutual use of the currency clearing and investment." </ P> <P> is worth noting that the domestic banks have now .enter. .Industrial and Commercial Bank of China Beijing, Shanghai, Fujian, Shandong, Hunan, Heilongjiang, Guangdong, Zhejiang, Jiangsu and Shenzhen has been operating in 10 branches of the ruble and the Malaysian ringgit counter clearing business. .It is reported that the pilot business matures, the bank will gradually across the country. .</ P> <P> Di Zhang said, allowing the ruble in the foreign exchange market transactions in the largely symbolic step. .At present, enterprises have become accustomed to the RMB against the U.S. dollar risk management. .So with the introduction of new things, companies need to develop an understanding of, access to relevant information in this respect, and adapt to the specific operation. .</ P> <P> commodities to be settled over time </ P> <P> Tsyplakov, according to Russian business representatives in China released statistics on the Russian side, since July 2009 the RMB since the pilot launch cross-border settlement .RMB settlement amount less than the proportion of trade between China and Russia 0.1%, only 53 million yuan, while China and Russia trade volume that year was $ 38,140,000,000. .</ P> <P>, deputy director of Far Eastern Studies Russian Academy of Sciences Boer good Clain said, the present situation, the main settlement of the Sino-Russian trade in the currency will be concentrated in the areas of general merchandise, commodities such as energy or will use U.S. dollars. ."Russia is still unable to 'digest' a lot of yuan." Boer good Clain said. .But he also suggested that the two sides can gradually a "swap" of cooperation, such as the use of RMB in China to buy Russian energy, while Russia and then the RMB to China's consumer goods imports. .</ P> <P> Although the scope of the RMB settlement of cross-border trade has been extended to the world, but the RMB settlement to obtain market acceptance outside of Asia still needs time outside. ."U.S. dollars of international currency status is linked through 30 years of stable prices and gold were established, the yuan needs to maintain at least 10 years of relatively stable currency in the international monetary system in order to gradually obtain the appropriate position." Finance at Renmin University of China .Zhao Xijun, vice president told the "China Economic Weekly." .</ P> <P> "to be able to turn the RMB exchange rate mechanism to a basket of currencies on the real and solid, a 'dollar without the prior availability of' effective exchange rate index becomes very important." Industrial Bank Senior Economist .Lu political commissar of the family said. ."To do this, the future should also be more Renminbi of China's major trading and investment partner currencies currency trading." </ P> <P> foreign trade professor at the University of Chou that "we should be the basis of bilateral economic and trade exchanges and .Communication situation finance, currency convertibility, and financial market opening conditions, customer demand conditions in particular, continue to operate in the interbank foreign exchange market transactions of RMB against other currencies. "</ P> <P> According to its introduction, the Chinese since 2008 .December onwards, has been with Indonesia, Malaysia, South Korea, Hong Kong, China, Belarus and Argentina signed a value of 650 billion yuan in the currency swap agreement * to broaden the scope of renminbi foreign exchange transactions. .</ P> <P> analysis according to Chou, the future may be the next South Korean won and the yuan currency transactions. .</ P> <P> currency swaps </ P> <P> means the exchange agreement within the agreed period the number of two currencies, while interest on regular exchange of two currencies trading agreement. .</ P>.