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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


2 posters

    Time for Russia & Vietnam to think of switching to local currencies – Medvedev

    Lobo
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    • Post n°1

    Time for Russia & Vietnam to think of switching to local currencies – Medvedev Empty Time for Russia & Vietnam to think of switching to local currencies – Medvedev

    Post by Lobo Tue 01 Sep 2015, 2:42 pm

    Time for Russia & Vietnam to think of switching to local currencies – Medvedev

    Published time: 7 Apr, 2015 07:47Edited time: 7 Apr, 2015 12:16
    Get short URL
    Time for Russia & Vietnam to think of switching to local currencies – Medvedev Russia-vietnam-local-currencies
    Russian Prime Minister Dmitry Medvedev (RIA Novosti/Alexander Astafyev) / RIA Novosti

    2.9K23
    Russia and Vietnam should start using their domestic currencies in bilateral trade more actively , Russian Prime Minister Dmitry Medvedev has said.
    TagsCurrencies, Russia and the global economy, Finance
    “Certainly, it’s necessary to think of using non-standard forms of cooperation and financial interaction, including, for example, settlements in local currencies, rubles and dongs,”Medvedev said during a meeting with businessmen in Vietnam’s largest city of Ho Chi Minh City, formerly Saigon.
    READ MORE: Vietnam and Eurasian Economic Union free trade zone deal in ‘home straight’ – Russian PM
    The prime minister recalled that Russia had a similar experience with other countries in the Asia-Pacific region, and that 10 years ago the Vietnamese-Russian bank was created.
    "We should think how to boost the work of the bank", Medevedev said.
    Proposals for the transition to national currencies in trade between Russia and Vietnam should be ready in May, Andrey Kostin, the CEO of Russia’s second biggest bank, VTB, said in Vietnam.
    Joint Russian-Vietnamese companies could do at least 50 percent of their trade in local currencies, Kostin added.
    The head of VTB said the two countries agreed to step up cooperation and increase the potential of VTB’s subsidiary in Vietnam - Vietnam-Russia Joint Venture Bank. It will act as a key bank for export-import operations between the two countries, according to VTB.
    "The bank [Vietnam-Russia Joint Venture Bank - Ed.] is well-capitalized today, but its possibilities are not widely used… I believe that these joint ventures that operate here, could put 50 percent of their turnover through the bank,” the head of Russia’s VTB said.
    On Monday, Medvedev said that a free trade zone deal with the Russia-led Eurasian Economic Union was in the “home stretch,” adding that the final deal is expected to be signed by July.
    The prime minister stressed that the draft document included significant preferences for Vietnam.

    http://www.rt.com/business/247373-russia-vietnam-local-currencies/
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    wciappetta
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    • Post n°2

    Time for Russia & Vietnam to think of switching to local currencies – Medvedev Empty Re: Time for Russia & Vietnam to think of switching to local currencies – Medvedev

    Post by wciappetta Wed 02 Sep 2015, 9:39 am

    On Monday, Medvedev said that a free trade zone deal with the Russia-led Eurasian Economic Union was in the “home stretch,” adding that the final deal is expected to be signed by July

    Another Eurozone horse of a different color.


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