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06 September 2022, 13:19

Belarus to pay out Chinese loans nominated in U.S. dollars with yuans

MINSK, 6 September (BelTA) – Belarus will pay out Chinese loans nominated in U.S. dollars with Chinese yuans, BelTA learned from First Deputy Prime Minister of Belarus Nikolai Snopkov.

Nikolai Snopkov said: “Finance is one of the fundamental components of cooperation with China. The relevant work proceeds very actively and positively. We are switching our debt payments to yuans.”

In his words, this currency is comfortable for Belarus in the emerging situation. “Although the loans were originally nominated in U.S. dollars, we will pay with yuans,” the official said.

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