๐จ๐ณ #China ๐ฆ๐บ #Australia ๐ต๐ฎ #dedollarization ๐๐ฆ ๐ข๏ธ๐ดโโ ๏ธโ #EndOfDollarEmpire
โHUGEโ- Australian iron ore conglomerate BHP hailed on Sunday its first shipment of yuan-based spot trade iron ore to dock at a port in East China's Shandong Province, as Australian companies step up efforts to maintain businesses in the Chinese market amid tense bilateral relations due to Australia's hostile approach toward China.
Jeremie Louis, vice president of marketing and sales (Iron Ore) of BHP, said that the US dollar sales of iron ore and the spot market of the yuan in ports have their own characteristics and advantages and can complement each other and coexist, according to the official statement.
The launch of the yuan-based trade in iron ore marks an important step for the Australian company to get closer to the Chinese market, while balancing the possible risks and uncertainties from the US dollar ignited by high US inflation, industry insiders and experts said.
-- Global Times
RCEP works ๐
๐ฅญ @mangopress
โHUGEโ- Australian iron ore conglomerate BHP hailed on Sunday its first shipment of yuan-based spot trade iron ore to dock at a port in East China's Shandong Province, as Australian companies step up efforts to maintain businesses in the Chinese market amid tense bilateral relations due to Australia's hostile approach toward China.
Jeremie Louis, vice president of marketing and sales (Iron Ore) of BHP, said that the US dollar sales of iron ore and the spot market of the yuan in ports have their own characteristics and advantages and can complement each other and coexist, according to the official statement.
The launch of the yuan-based trade in iron ore marks an important step for the Australian company to get closer to the Chinese market, while balancing the possible risks and uncertainties from the US dollar ignited by high US inflation, industry insiders and experts said.
-- Global Times
RCEP works ๐
๐ฅญ @mangopress
๐จ๐ณ #China ๐ท๐บ #Russia ๐ฒ๐ป #DragonBear ๐ฎ๐ต #dedollarization
20 Russian banks have now access to China's inter-bank payment system CIPS which is also an alternative to SWIFT. More are expected to be connected in the future.
๐ฅญ @mangopress
20 Russian banks have now access to China's inter-bank payment system CIPS which is also an alternative to SWIFT. More are expected to be connected in the future.
๐ฅญ @mangopress
๐ท๐บ #Russia ๐ต๐ฎ #dedollarization
Maxim Oreshkin, Economic Adviser to the President of the Russian Federation, said that the Russian authorities are working to abandon the international SWIFT financial messaging system.
๐ฅญ @mangopress
Maxim Oreshkin, Economic Adviser to the President of the Russian Federation, said that the Russian authorities are working to abandon the international SWIFT financial messaging system.
๐ฅญ @mangopress
๐จ๐ณ #China ๐ต๐ฎ #dedollarization
Chinaโs holdings of US treasury securities dropped to $980.8 billion in May 2022, the first time below $1 trillion in about 12 years. China has reduced its holdings of US treasury for 6 months in a row from $1.08 trillion in Nov 2021.
-- Global Times
๐ฅญ @mangopress
Chinaโs holdings of US treasury securities dropped to $980.8 billion in May 2022, the first time below $1 trillion in about 12 years. China has reduced its holdings of US treasury for 6 months in a row from $1.08 trillion in Nov 2021.
-- Global Times
๐ฅญ @mangopress
๐ท๐บ #Russia ๐ฎ๐ท #Iran ๐ต๐ฎ #dedollarization
The Tehran Currency Exchange launched trading in the Iranian rial - ruble pair.
๐ฅญ @mangopress
The Tehran Currency Exchange launched trading in the Iranian rial - ruble pair.
๐ฅญ @mangopress
๐ฎ๐ท #Iran ๐ต๐ฎ #dedollarization
The supreme leader openly speaks of de-dollarization ๐
๐ฅญ @mangopress
The supreme leader openly speaks of de-dollarization ๐
๐ฅญ @mangopress
๐จ๐ณ #China ๐ท๐บ #Russia ๐ต๐ฎ #dedollarization
Russia's aluminium company and world's second producer RUSAL starts issuing yuan-denominated bonds ๐
๐ฅญ @mangopress
Russia's aluminium company and world's second producer RUSAL starts issuing yuan-denominated bonds ๐
๐ฅญ @mangopress
๐จ๐ณ #China ๐ท๐บ #Russia ๐ต๐ฎ #dedollarization
HUGEโ
From WSJ
Moscow Exchange starts trading bonds with yuan settlement.
The average daily trading volume of yuan on the exchange for the first half of 2022 increased by 12.4 times versus the same period last year and amounts to the equivalent of $752.3 million.
๐ฅญ @mangopress
HUGEโ
From WSJ
Moscow Exchange starts trading bonds with yuan settlement.
The average daily trading volume of yuan on the exchange for the first half of 2022 increased by 12.4 times versus the same period last year and amounts to the equivalent of $752.3 million.
๐ฅญ @mangopress
According to this Russian IR scholar based in Vladivostok, Far Eastern Russia, China is working on a new financial infrastructure to trade and do business exclusively with sanctioned countries ! Huge if true !
#China ๐จ๐ณ ๐ต๐ฎ #dedollarization
๐ฅญ @mangopress
#China ๐จ๐ณ ๐ต๐ฎ #dedollarization
๐ฅญ @mangopress
Putin and Erdogan have agreed that gas supplies will in future be paid in rubles.
๐ท๐บ #Russia ๐น๐ท #Turkey ๐ต๐ฎ #dedollarization
๐ฅญ @mangopress
๐ท๐บ #Russia ๐น๐ท #Turkey ๐ต๐ฎ #dedollarization
๐ฅญ @mangopress
๐ท๐บ #Russia ๐จ๐ณ #China ๐ต๐ฎ #dedollarization
HUGEโAt the Moscow Exchange, for the first time ever, the volume of daily trading in Chinese yuan has exceed that of US dollar.
Source: https://t.co/j5O4JlMr5P
๐ฅญ @mangopress
HUGEโAt the Moscow Exchange, for the first time ever, the volume of daily trading in Chinese yuan has exceed that of US dollar.
Source: https://t.co/j5O4JlMr5P
๐ฅญ @mangopress
ะะพะผะผะตััะฐะฝัั
ะฎะฐะฝั ะพะฑะพะณะฝะฐะป ะดะพะปะปะฐั ะฟะพ ะพะฑัะตะผั ัะพัะณะพะฒ ะฝะฐ ะะพัะฑะธัะถะต
ะะพะดัะพะฑะฝะตะต ะฝะฐ ัะฐะนัะต
๐ท๐บ #Russia ๐ #Africa ๐๏ธ๐ฐ #dedollarization
Russia and African nations are moving towards settlements in national currencies, Russian Foreign Minister Sergey Lavrov revealed on Wednesday.
๐ฅญ @mangopress
Russia and African nations are moving towards settlements in national currencies, Russian Foreign Minister Sergey Lavrov revealed on Wednesday.
๐ฅญ @mangopress
๐จ๐ณ #China ๐ฆ ๐๐ฆ
๐ข๐ดโโ #USEmpire #DebtTrapDollar ๐๐ต #dedollarization
According to data released by the US Treasury on Wednesday, China reduced holdings of US Treasury debt by $7.8 billion in November to $870 billion - the lowest since June 2010.
๐ฅญ @mangopress
According to data released by the US Treasury on Wednesday, China reduced holdings of US Treasury debt by $7.8 billion in November to $870 billion - the lowest since June 2010.
๐ฅญ @mangopress
๐ต๐ฐ #Pakistan ๐ท๐บ #Russia ๐ฐ๐๏ธ #dedollarization
Pakistan to start buying crude oil from Russia in April. All payments will be settled in national currencies.
๐ฅญ @mangopress
Pakistan to start buying crude oil from Russia in April. All payments will be settled in national currencies.
๐ฅญ @mangopress
๐ฎ๐ณ #India ๐ฆ๐ช #UAE ๐ท๐บ #Russia ๐๏ธ #dedollarization
From Reuters
Indian refiners have begun paying for most of their Russian oil purchased via Dubai-based traders in United Arab Emirates dirhams instead of U.S. dollars.
๐ฅญ @mangopress
From Reuters
Indian refiners have begun paying for most of their Russian oil purchased via Dubai-based traders in United Arab Emirates dirhams instead of U.S. dollars.
๐ฅญ @mangopress
๐จ๐ณ ๐ค ๐ท๐บ #China #Russia #dedollarization #yuanization
From Global Times
Russia will remove euro from National Wealth Fund in 2023, leaving only gold, yuan and rubles. The fund will have up to 60% yuan-based assets, up from 30%. The move will boost yuan's internationalization and de-dollarization.
As of February 1, 2023, the NWF held 10.46 billion euros ($11.2 billion), 307.44 billion yuan ($45.2 billion), 551.27 tons of gold and 530.1 million rubles ($7.3 million) in its accounts, according to a report by the Russian Ministry of Finance.
Yuan accounted for 48 percent of foreign exchange trading on the Moscow exchange in November 2022, up from 0.2 percent at the start of the year.
https://www.globaltimes.cn/page/202302/1285209.shtml
๐ฅญ @mangopress
From Global Times
Russia will remove euro from National Wealth Fund in 2023, leaving only gold, yuan and rubles. The fund will have up to 60% yuan-based assets, up from 30%. The move will boost yuan's internationalization and de-dollarization.
As of February 1, 2023, the NWF held 10.46 billion euros ($11.2 billion), 307.44 billion yuan ($45.2 billion), 551.27 tons of gold and 530.1 million rubles ($7.3 million) in its accounts, according to a report by the Russian Ministry of Finance.
Yuan accounted for 48 percent of foreign exchange trading on the Moscow exchange in November 2022, up from 0.2 percent at the start of the year.
https://www.globaltimes.cn/page/202302/1285209.shtml
๐ฅญ @mangopress
www.globaltimes.cn
Russia to remove euro, only keeps yuan and gold in National Wealth Fund
Russia's finance ministry said will reset the share of euro in its National Wealth Fund (NWF) starting from this year, leaving only gold, Chinese yuan and rubles, Russian media reported on Thursday.
๐จ๐ณ ๐ค ๐ฎ๐ถ #China #Iraq #yuanization #dedollarization
Iraq's central bank is reportedly planning to settle trade from China in Chinese yuan for the first time to improve its access to foreign currency.
Iraq has announced that it will finance its imports from China in yuan for the first time, a move aimed at coping with its dollar shortage and seen as a potential step for the internationalization of the Chinese currency.
๐ฅญ @mangopress
Iraq's central bank is reportedly planning to settle trade from China in Chinese yuan for the first time to improve its access to foreign currency.
Iraq has announced that it will finance its imports from China in yuan for the first time, a move aimed at coping with its dollar shortage and seen as a potential step for the internationalization of the Chinese currency.
๐ฅญ @mangopress
๐จ๐ณ #China #yuanization โ ๏ธ๐ฃ๐ฆ ๐ข๏ธ๐ฐ๐๐ธ๐ฆ
๐ดโโ ๏ธ #USDollarEmpire #dedollarization
Yuan becoming an international currency a necessary condition to maintain world peace
From Global Times
The international monetary system is dominated by the US dollar. While the status of the US dollar is superior to the economic strength of the US, yuan's status is less than the real economic strength of China.
The international currency status of the US dollar is the basic competitiveness of the US economy that is still ahead of the Chinese economy. The faster the Chinese economy develops relative to the US, the greater the gap between the US dollar and the US economic strength, and the more likely the US will wage wars, creating turmoil to protect the dollar and the US economy.
As US dollar assets are the only secure assets in the world, global capital will flow to US dollar assets as soon as geopolitical conflicts break out. The US economy benefits from the turmoil, while the Chinese economy suffered the effects of the war. Therefore, in order to prevent war and strive for peace, yuan must become an international currency, a safe asset that competes and coexist with the US dollar and break the dominance of the US dollar.
Comment : The US knows, thatโs why it is so scared of China and it is so bent on preventing the potential rise of the yuan. Without the dollar supremacy, the giant Ponzi scheme that the US economy is collapses. The US will use all means to contain Chinaโs economic development including military ones. Hence all the fuss about Taiwan.
https://www.globaltimes.cn/page/202302/1286394.shtml
๐ฅญ @mangopress
Yuan becoming an international currency a necessary condition to maintain world peace
From Global Times
The international monetary system is dominated by the US dollar. While the status of the US dollar is superior to the economic strength of the US, yuan's status is less than the real economic strength of China.
The international currency status of the US dollar is the basic competitiveness of the US economy that is still ahead of the Chinese economy. The faster the Chinese economy develops relative to the US, the greater the gap between the US dollar and the US economic strength, and the more likely the US will wage wars, creating turmoil to protect the dollar and the US economy.
As US dollar assets are the only secure assets in the world, global capital will flow to US dollar assets as soon as geopolitical conflicts break out. The US economy benefits from the turmoil, while the Chinese economy suffered the effects of the war. Therefore, in order to prevent war and strive for peace, yuan must become an international currency, a safe asset that competes and coexist with the US dollar and break the dominance of the US dollar.
Comment : The US knows, thatโs why it is so scared of China and it is so bent on preventing the potential rise of the yuan. Without the dollar supremacy, the giant Ponzi scheme that the US economy is collapses. The US will use all means to contain Chinaโs economic development including military ones. Hence all the fuss about Taiwan.
https://www.globaltimes.cn/page/202302/1286394.shtml
๐ฅญ @mangopress
www.globaltimes.cn
Yuan becoming an international currency a necessary condition to maintain world peace
The yuan becoming an international currency is a necessary condition to maintain world peace. With latecomer advantage, yuan holds great potential in internationalization amid technology change in global monetary system.
๐ดโโ ๏ธ๐ฆ
๐๐ข๏ธ๐ฆ ๐ฐโ ๏ธ๐ฃ #USNaziDeathEmpire #dedollarization
US dollar accounts for only 47% of worldโs foreign exchange reserves now.
It was 55% in 2021 & 67% in 2003.
๐ฅญ @mangopress
US dollar accounts for only 47% of worldโs foreign exchange reserves now.
It was 55% in 2021 & 67% in 2003.
๐ฅญ @mangopress