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Gold Trade Between
Russia and China –
A Step Closer
Towards
De-Dollarization?
This is just a continuation of the economic and trade agreements between Russia and China; the first such official deal was the 2014 currency swap agreement of about US$ 25 billion equivalent, or rather 150 billion Yuan.
Let’s not forget, both currencies the ruble and the Yuan are 100% covered by gold; actually, the ruble is backed about twice by gold.
Venezuela Is About to Ditch the Dollar in Major Blow to US: Here’s Why It Matters
September 09, 2017 "Information Clearing House" - Venezuelan President Nicolas Maduro said Thursday that Venezuela will be looking to “free” itself from the U.S. dollar next week, Reuters reports. According to the outlet, Maduro will look to use the weakest of two official foreign exchange regimes (essentially the way Venezuela will manage its currency in relation to other currencies and the foreign exchange market), along with a basket of currencies.
According to Reuters, Maduro was referring to Venezuela’s current official exchange rate, known as DICOM, in which the dollar can be exchanged for 3,345 bolivars. At the strongest official rate, one dollar buys only 10 bolivars, which may be one of the reasons why Maduro wants to opt for some of the weaker exchange rates.
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1 ulasan:
Gold ko .. Amerika ko .. Russia ko. Den dan orang kampong lain tak faham. Yang den tau Chino Merah dah nak datang. Dio mcm lagu XPDC ..Mongol dah datang. Apo kah mayat Melayu bergelimpangan di Sungai Temuar, K.Pilah akan berulang.
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