China offers Kazakhstan mutual payments in nat'l currencies

ASTANA. September 6. KAZINFORM - Chinese President Xi Jinping made an offer to Kazakhstan to perform mutual payments in national currencies, this has been announced today by the Chinese President at Nazarbayev University in Astana.
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According to his words China and Russia and other countries make settlement payments in national currencies. "We have achieved good results and accumulated a lot of experience. We consider it necessary to expand the geography of application of that practice", said Xi Jinping in Astana.

The head of China's State Council also stressed that "the transition to national currency use in exchange and payments including current and capital transactions will significantly reduce the cost of transactions between the states".

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