The Pakistani government said that because Pakistan and China have currency exchange arrangements, they hope to purchase Russia's oil in RMB.
Pakistan Electric Power Minister Khurram Dastgir Khan said in an interview with Bloomberg last weekend that Pakistan has recently placed an order to order a batch of Russian oil, and the first batch of payment will be paid in the US dollar, but Pakistan hopesNext, you can pay RMB to pay Russian oil.
He said: "We hope this can be a long -term arrangement, as a trading of rupees and RMB." He also said, "Maybe this currency swap (rupee and RMB) needs to expand the scale so that we can soar us so that we canUse other opportunities that may occur. "
According to the daily report earlier reports, the first batch of 750,000 barrels of crude oil purchased by Pakistan will be leaned off in June.Pakistan has agreed to pay 50 to 52 yuan (USD, the same below, about S $ 66 to S $ 69) per barrel of crude oil, and the price of the Seven Kingdoms Group for Russian oil is 60 yuan per barrel.The transaction will be promoted by the Bank of China.
Bloomberg reported that Pakistan's move is not only in line with the desire of Russia's hope to get rid of the US dollar and euro exports, but also helps to promote the internationalization of the RMB to weaken the dominant position of the US dollar in the international community; use the RMB imported oil to Pakistan to PakistanIt is also good, because Pakistan's serious dependence on energy imports, the country is also trying to restart the US $ 6.5 billion rescue plan organized by the International Monetary Fund to avoid the country's debt default.
The two major Russian oil importing countries of China and India have gradually used RMB, rubles or Diram (UAE's currency) to pay import products.In the global trading market, although the RMB is still insignificant compared to the US dollar, it seems to be drawn.For example, the world's largest hardwood pulp producer and Brazilian company Suzano Sa are considering selling their products to China with RMB; Bangladesh has recently reached an agreement with Russia, a $ 300 million in nuclear power plant construction in Daka will settle in RMB.
