Central Banks of Russia, China discuss bypassing dollar

YEREVAN, June 26. /ARKA/. Representatives of the Bank of Russia and the People’s Bank of China discussed cooperation issued during the talks in Shanghai on June 25-26, Prime reported.

The main topic discussed was promotion of national currencies in bilateral settlements and bypassing US dollar that prevails in cooperation now. The sides also considered creation of a joint rating agency competing with Moody’s, Fitch and S&P, the website of the Russian central bank reports.

The two regulators talked about new forms of cooperation in insurance sector and expansion of interaction in financial field, according to the report. –0–

spot_img

POPULAR

External shocks are having little impact on Armenia so far, but investor caution will grow – INTERVIEW

Amid the S&P 500's worst quarter since 2022, rising global anxiety, and persistent geopolitical uncertainty, investors are increasingly asking whether this is a temporary market reaction or a deeper shift in investment logic.

Euro and dollar depreciated against the Armenian dram, while the ruble rose slightly: Central Bank of Armenia

The average market exchange rate for the US dollar against the Armenian dram, formed on the Armenian foreign exchange market as of April 9, 2026, fell by 0.26 points compared to April 8, to 376.06 drams.

The Power of One Dram April Beneficiary: Davitbek Games NGO

The beneficiary of “The Power of One Dram” initiative for April is “Davitbek Games” NGO.

IDBank Participates in Regional Conference of the Union of Banks of Armenia

IDBank took part in the conference titled “Opportunities and Prospects for Cooperation between Business and the Banking System in Lori Region”, held in Vanadzor.

Unibank to participate in Leasing Expo 2026 with a special offer

From April 10–12, 2026, Unibank will participate in Armenia’s largest international exhibition for leasing and financial solutions, offering visitors favorable conditions.

LATEST NEWS

spot_imgspot_imgspot_img