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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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The end of the dollar era.. Russia and China create a new settlement system that avoids SWIFT

rocky
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The end of the dollar era.. Russia and China create a new settlement system that avoids SWIFT Empty The end of the dollar era.. Russia and China create a new settlement system that avoids SWIFT

Post by rocky Wed 30 Nov 2022, 5:48 am

The end of the dollar era.. Russia and China create a new settlement system that avoids SWIFT

The end of the dollar era.. Russia and China create a new settlement system that avoids SWIFT 6830



money and business
   




Economy News / Baghdad
It seems that Russia and China's quest to achieve a multipolar world away from US hegemony internationally and the dollar economically, according to the statements of officials of the two countries, is proceeding according to the subject plan.
According to the news, Russia and China are currently working to mutually open corporate accounts to avoid using SWIFT.
This came according to what was announced by Deputy Prime Minister of the Russian Federation Alexander Novak during his speech at the Fourth Russia-China Energy Business Forum.
Deputy Prime Minister of the Russian Federation Alexander Novak noted that settlements under contracts for the supply of gas from Russia to China are already being converted into the national currencies of the two countries.
In addition, supplies of oil, oil products and coal are actively transported to settlements in rubles and yuan, Alexander Novak added.
“This action helps prevent risks and promote the transfer of the ruble and yuan to the status of world reserve currencies,” said Deputy Prime Minister of the Russian Federation.
The Deputy Prime Minister of the Russian Federation said that the Central Bank of Russia and the Bank of China are working on the possibility of opening accounts for Russian companies in China.
The Deputy Prime Minister of the Russian Federation added that Chinese companies in Russia and Russian companies tend to establish a settlement system without the use of SWIFT. 


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Added 11/29/2022 - 5:07 PM
Updated 11/30/2022 - 1:56 PM
https://economy-news.net/content.php?id=31088

    Current date/time is Mon 30 Jan 2023, 10:00 pm