Renminbi (RMB)/Yuan Appreciation & Internationalization

tphuang

tphuang

Lieutenant General
Staff member
Super Moderator
VIP Professional
Registered Member
W20 said:
I would like this message to be deleted.

Although, of course, one cannot compare the wishes of the peasantry of this forum with the whims of the Priestly Aristocracy.

So I don't know if the capricious Priestly Oligarchy of this forum will heed this my humble wish.
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Now, I deleted the previous exchange because it was entirely off topic. If you wish to delete your own posts, please report it and explain in there why it needs to be deleted.
 
sunnymaxi

sunnymaxi

Captain
Registered Member
Russia and China have almost completely stopped using the dollar in their mutual trade, Foreign Minister Sergei Lavrov said in Moscow on Monday, according to Tass.

More than 90% of settlements are carried out in the two countries’ national currencies, Lavrov said. Trade and economic cooperation between Russia and China is actively developing despite persistent attempts by Western countries to prevent this, he added.

Trade between Russia and China increased by 26% to $240 billion in 2023

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Wrought

Wrought

Junior Member
Registered Member
sunnymaxi said:
Russia and China have almost completely stopped using the dollar in their mutual trade, Foreign Minister Sergei Lavrov said in Moscow on Monday, according to Tass.

More than 90% of settlements are carried out in the two countries’ national currencies, Lavrov said. Trade and economic cooperation between Russia and China is actively developing despite persistent attempts by Western countries to prevent this, he added.

Trade between Russia and China increased by 26% to $240 billion in 2023

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Seems obvious at this point to just set up another bank designed to be sanctioned and route all Russian transactions through it. No USD transactions, no clients from other countries which can be held at risk, and US secondary sanctions can go pound sand. Presumably you'd need shell corporations and such to obfuscate which Chinese firms are doing business through it.
 
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