Clearly, the evidence reveals the shift from West to East with these development funds, trade deals and trading blocs.
De-dollarization is gaining momentum…
Clearly, the evidence reveals the shift from West to East with these development funds, trade deals and trading blocs.
De-dollarization is gaining momentum…
The New SDR, where as the RMB, AIIB and CIPS will mark their major roles in assisting the emerging markets increase international trade in exchange for the weaker national currencies/goods/services within investment banks, clearing banks, and central banks’ transactions mechanism.
After the RMB is accepted as a world reserve currency the USD would be devalued, and the RMB will rise. This is hugely important and they want to manage this…
Again, we are watching for agreements that hint at the shake up or shake down for future months within the criminal activities of the institutions still at large.
We recognize the criminal agents and officials within the institutions will not stop their criminality and the roles are playing out as need be…
Switzerland will receive a quota of RMB50 billion (CHF7 billion) to establish itself as a so-called RMB Qualified Foreign Institutional Investor, or RQFII, according to an announcement from the Swiss National Bank (SNB). Switzerland’s status as a “renminbi hub“ will give Swiss commercial traders the ability to make and clear direct trades with their Chinese counterparts in China.
‘‘It’s a year of destiny for humankind,’’ Klaus Schwab, the founder and executive chairman of the World Economic Forum, said at a news conference in Geneva last week. -dealbook.nytimes.com
The PBOC will funnel 100 billion yuan each to the five biggest banks for a three-month period, said the official, who asked not to be identified because the measure hasn’t been formally announced.