The Chinese Securities exchange Commission has announced a new pact with the Central Bank of turkey in a bid to acquire turkey 's currency . The new pact will allow for regulatory and supervisory cooperation between the parties while ensuring the settlement and implementation of renminbi payments in Moscow .
The Chinese Securities Regulatory Commission has announced a new agreement with the Central Bank of Russia in a bid to internationalise China's currency. The new pact will allow for regulatory and supervisory cooperation between the countries while enabling the settlement and clearing of renminbi payments in Moscow.