Central Banking

Russian and Chinese central banks sign MoU

Elvira Nabiullina, Governor of the Bank of Russia
Source: Kremlin

The governors of the central banks of China and Russia signed a memorandum of understanding (MoU), both banks say in statements issued on December 17.

Elvira Nabiullina, the Bank of Russia governor, and Zhou Xiaochuan, her counterpart at the People's Bank of China (PBoC), signed the MoU to develop co-operation between the banks "in the spheres of their mutual interests", the Russian statement says.

The statements issued by the two banks do not specify when or where the MoU was signed. The two

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