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Central Banks of Russia and China to discuss use of Mir, UnionPay systems — Ambassador

The issue to be solved by central banks of both states through consultations

MOSCOW, May 5. /TASS/. Central Banks of Russia and China will discuss issues of using and promoting national payment systems Mir and UnionPay in both countries, China’s Ambassador to Russia Zhang Hanhui said in an interview with TASS.

"Concerning the promotion and the use of Mir and China UnionPay national payment systems in both countries, this issue will be solved by central banks of both states through consultations," the head of the Chinese diplomatic mission in Moscow said. China welcomes the use of the yuan by Russians and keeping of savings in this currency, the diplomat noted.

The yuan rate is stable in the current geopolitical situation, the Ambassador said. "It should be particularly noted that the yuan rate continues to become stronger against risks. Despite the effect of risks related to the pandemic and geopolitical conflicts, the yuan keeps base stability in the rational and balance range, which has not merely played an important role in stabilizing financial markets but also increased attractiveness of yuan-denominated assets," he added.