RIAC :: China,Dollar

Search: China,Dollar (2 materials)

The Yuan versus the Dollar: Showdown in the Global Financial Arena

... known as INE, which are expected to compete against British Brent and U.S. WTI contracts. The pricing of oil in yuan is an important component of the drive to internationalize the Chinese currency and lessen the global economy’s dependence on the dollar. By late 2017, the People’s Bank of China had signed 37 swap agreements with different countries worth more than 3 trillion yuan. The agreements were aimed at facilitating the use of the yuan in doing business with foreign banks and companies, so that the central banks receiving liquidity ...

09.12.2019

analytics

R6 — the Case for a New Global Currency Basket

... combined GDP of 17.259 tr with the second largest world economy in the mix Having two permanent seats on the UN Security Council: China and Russia Brazil and India are also part of G4 with Germany and Japan Largest global gas reserves: Russia and Iran to ... ... bolder move for NDB such as establishing and introducing a new currency for what I like to call R6. Some may think where US dollar ends in R; Renminbi will start with a new R., In reality, the time it will take, and the obstacle with which Renminbi has ...

11.09.2019

expert column

Poll conducted

In your opinion, what are the US long-term goals for Russia?

U.S. wants to establish partnership relations with Russia on condition that it meets the U.S. requirements	33 (31%)
U.S. wants to deter Russia’s military and political activity	30 (28%)
U.S. wants to dissolve Russia	24 (22%)
U.S. wants to establish alliance relations with Russia under the US conditions to rival China	21 (19%)