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Turnover of Russian rubles in the Chinese city of Suifenhe reached 24 billion rubles in 2013 year
In 2013, the turnover of Russian rubles in the Chinese city of Suifenhe in Heilongjiang Province in Northeast China reached 24 billion rubles, reports Xinhua News Agency.
According to statistics, Suifenhe accounts for 80 percent of the total import and export shipments in Heilongjiang Province’s trade with Russia. Each year, the Suifenhe PPC crosses about 1 million Russian tourists, the volume of bilateral national trade in the city exceeds 1,6 billion dollars.
Suifenhe, which began border trade with Russia in the late 80s, is called the "capital of Sino-Russian trade." In December 2013, by a decree of the State Council of the People's Republic of China, the city was declared the first in China since the establishment of the People's Republic of China as a test site for the implementation of free circulation of foreign currency - the Russian ruble - on a par with the yuan, which allows you to easily store and withdraw funds from the account, pay for services and purchases directly in rubles.
The Chinese commercial and industrial bank opened a ruble settlement center in Suifenhe earlier this year.
The city of Suifenhe borders on Primorsky Krai of Russia and is located in 230 km from Vladivostok.