Guest views are now limited to 12 pages. If you get an "Error" message, just sign in! If you need to create an account, click here.

Jump to content
  • CRYPTO REWARDS!

    Full endorsement on this opportunity - but it's limited, so get in while you can!

"It's A Huge Story": China Launching "Petroyuan" In Two Months


Recommended Posts

Y'all know what this means don't ya There's only 4 Currencies in this basket ! Gets evaluated every five years China is suppose to take our place in the basket ! if this happens the USD will instantly lose 30% over night and a possible 20% more in a stead ward decline !

Link to comment
Share on other sites

What are the other currencies in the basket again? Cuz the USD will never get the boot, never. If it did get the boot China, Japan, Russia and 70% of the other economies of THE WORLD would absolutely tank if and when the USD lost 30% of its value. Due to the percentage of USD they have in their central bank reserves. Recession woud set in world wide. The current anarchy in the world would really break out. If there are only 4 currencies in the basket, what would prevent the powers that be from including a fifth one? Actually, the 30% loss in value would actually make it cheaper to do business in the USA. Which could place our economy in a position to rebound first out of every other economy that gets hurt. That is the beauty of currency wars baby.

  • Upvote 1
Link to comment
Share on other sites

Broad prospects in front of the Asian Bank for investment in infrastructure

 

 

         

3/11/2015 0:00 

 Follow-up - the morning 

Asian Investment Bank stands in infrastructure (BAA Any B), after nearly two years on his proposal, just a few steps to start it, carrying high expectations to stimulate the economy and finance in the region. 

The pace of the proposed Chinese to establish Bank (BAA Any B) a crucial step forward in the 92 last June where delegates gathered from 75 countries Foundation in Beijing to attend the signing ceremony of the agreement set the framework and management structure of the bank.    

It is expected to start the bank by the end of this year if the lawmakers adopted from more than 01 countries Foundation of the Convention, and if subscribed capital of at least 05 percent of the authorized capital. 

A meeting of chief negotiators in last August to discuss the candidates for the presidency of the Bank (BAA Any B), was chosen as Jane Lee Chun former deputy Chinese Finance Minister and the Secretary General of multilateral Bank Interim Secretariat (BAA Any B), chairman of the Bank (BAA Any B) by consensus. establishment and suggested Chinese President Xi Jinping in October 2013 establishment of a bank (BAA Any B) to be appropriate for all times. There is a large gap between infrastructure needs in Asia and the capacity of financial institutions the regional list, and in order to bridge that gap, the Bank will work (BAA Any B) to complement the lenders multilateral rather than compete with each other. He estimated the Asian Development Bank that Asia will need to be about 750 billion US dollars of investment in infrastructure annually until the year 2020 while the subscribed capital of the World Bank and the Asian Development Bank US $ 220 billion and 016 billion dollars respectively only.    In spite of the rapid growth in the size of the economy and trade over the past decades, however, Asian countries that have seen a slowdown in their economies due to weak global demand. Investments remain in the areas of ports, railways and roads need to significantly improve in Asia, where the show is perfect as a tool to support  growth.    However, the developed countries have reduced their aid to developing countries after the global financial crisis, as experienced by the World Bank and the Asian Development Bank criticized in their efficiency as made it necessary to search for more sources to secure funding. In the same context, said Lu Ji Wei Chinese Finance Minister that the Bank (BAA Any B) will be compatible with existing international lenders rather than compete with them. Said Lu told Xinhua: »Historically, did not dampen the establishment of regional investment banks, including the Asian Development Bank and the European Bank for Reconstruction and Development of existing institutions, but also strengthened the presence of multilateral financial institutions and the payment of the global economy more strongly forward. Through all of the World Bank and the Bank of Asian Development for their willingness to work together with the Bank (BAA Any PE) in funding for the construction of infrastructure in the region. and will be the authorized Bank A Any My money 001 billion US dollars is expected to reach subscribed capital about 05 billion US dollars .The initial capital was relatively small, but is expected to bring additional funds.

 

Link to comment
Share on other sites

  •  
%D8%A7%D9%84%D8%A8%D9%86%D9%83.jpg

Our economy / Jakarta

Indonesian Finance Minister Bambang Brodjohnnyijoro said on Wednesday that the Asian Bank for investment in infrastructure, which is supported by Beijing will start providing loans to foreign countries in January.

The minister told reporters that "the bank is scheduled to begin operations in January and that the bank is ready to contribute to the financing of infrastructure projects, including the Indonesian energy and power projects."

Indonesia had previously said it will contribute with a value of 672.1 million dollars from the Asian bank's capital in five years, including making it the eighth largest shareholder in the bank.

 

Link to comment
Share on other sites

 

Washington renewed its support joining the yuan to a basket of currencies Monetary Fund

 
      Saturday   07   November   2015 | 08:30
 
NB-131589-635824711978340935.jpg
 
 

 

 
IMF: Policymakers in the Fund are planning to meet this month to review the possibility of inclusion of the Chinese yuan in the SDR basket of currencies the IMF but a specific date has not been decided
 

US President Obama BEIJING management informed that the United States still supports the inclusion of the yuan in the standard basket of currencies to the International Monetary Fund, provided that China meet the current standards of the international financial institution, he said a spokesman for the US Treasury Department said in a statement that Treasury Secretary Jack Liu held a telephone conversation with Vice-President Chinese Minister Wang Yang, the spokesman added, saying that «this conversation reflect the importance that China move faster towards the exchange rate determined by market forces in an orderly manner» Speaking before a summit of the Group of Twenty to be held next week in the Turkish city of Antalya leaders, urged Liu also China to implement policies public finance to support consumption.
 

Link to comment
Share on other sites

  •  
%D8%A7%D9%84%D8%B5%D9%8A%D9%861-640x419.

Our economy / Shanghai

The governor of the Chinese central bank, Zhou Xiaochuan, in an article published on the website of the magazine "Kaychen" specializing in financial affairs, said that China will apply a package of economic and financial reforms over the next five years, will help the yuan to become an international currency by 2020.

Zhu said in the article that explains the thirteenth of China's five-year economic plan proposed for the years 2016 to 2020 that "the government will support confidence in the yuan and encourage entry into the SDR currencies the IMF basket and moving to a convertible currency as a whole."

He also said that "China will strengthen supervision of its financial system to prevent (systematic risk) through the effective use of tools to control the risk."

Zhu said that "Beijing will work to improve the coordination of economic policy with a focus on fiscal and monetary policies."

He said, "China will cut the mandatory reduction of private capital to enter the banking sector and it will continue to open its markets for capital and increase foreign and domestic shares and then phased out."

He added that "China will ease restrictions on the issuance of bonds by foreign institutions and expand the types of exporters."

He explained that "China will develop a market for bonds traded mainly by eligible institutional investors and via the secondary market channels."

 

Link to comment
Share on other sites

IMF's Lagarde supports proposal to include yuan in SDR
Reuters with CNBC
12 Hours Ago Reuters
 
 
103017096-GettyImages-487498515.530x298.
Getty Images
International Monetary Fund Managing Director Christine Lagarde.

International Monetary Fund Managing Director Christine Lagarde said Friday that she supports the findings in her staff's proposal to includeChina's yuan in its Special Drawing Rights currency basket.

"I support the staff's findings," she said in a statement.

Lagarde said she will chair a meeting of the IMF's executive board on Nov. 30 to consider the yuan's inclusion in the basket.

Beijing has pushed for the yuan to join the basket as part of its long-term strategic goal of reducing dependence on the dollar and to mark the country's coming of age as an economic power.

 

Link to comment
Share on other sites

 

"IMF": the yuan fulfilled the conditions of our Alaamtad

 
      Saturday   14   November   2015 | 15:59
 

NB-132886-635831028930959501.jpg

 
 

 

Director General of the International Monetary Fund showed that the final decision in this regard will take on November 30, the Board of Directors, which represents its members Al188, according to news agency "AFP"
 
 
 
 

Announced the Director-General of the International Monetary Fund Christine Lagarde, the Chinese currency "yuan" fulfilled all the necessary conditions to become one of the reference currencies accredited to the Fund. 
Lagarde explained that the final in this regard the decision taken by November 30, the Board of Directors, which represents its members Al188, according to The agency "Agence France Press" reported. 
In the case tested positive outcome, will join the yuan to the reference currency accredited to the Fund, which includes the dollar and euro sterling and the Japanese yen and the pound basket. 
In a report received by the Board of Directors Friday, the Fund teams considered that the yuan meet the conditions necessary to join reference basket of currencies, and the first to be traded currency "widespread" in international financial transactions, and enjoy the "freedom of use." 
This was the last point is still stuck, since Beijing was still exercised tight control over its exchange rate.

  • Upvote 1
Link to comment
Share on other sites

IMF: Yuan met the conditions

 
      Sunday   15   November   2015 | 17:26
 

NB-133090-635831945047065898.jpg

 
 

 

 
If the result was positive, the yuan will be joined to the reference currency accredited to the Fund, which includes the dollar, euro and sterling and the Japanese yen and the pound basket
 
 
 

 Director-General of the International Monetary Fund Christine Lagarde announced that the Chinese currency, the yuan had met all the necessary conditions to become one of the reference currencies accredited to the Fund, pointing out that the final decision in this regard will take in the November 30 Board of Directors, which represents its members Al188.

Lagarde pointed out that the IMF considers that the teams of the yuan currency can be freely used, and it should become part of the reference basket of currencies, noting that it "supports this recommendation."

In the case of a positive result came, the yuan will be joined to the reference currency accredited to the Fund, which includes the dollar, euro and sterling and the Japanese yen and the pound basket.

In a report received by the Board of Directors, the Fund teams considered that the yuan meet the conditions necessary to join the reference basket of currencies, and the first is that the current currency is widely used in international financial transactions, and to enjoy freedom of use. 
This was the last point is still stuck, since Beijing It was still exercised tight control over its exchange rate.

This decision will not become effective if approved by September 2016.

  • Upvote 2
Link to comment
Share on other sites

China is someone we should be very scared about....I have been saying this for years.

 

They are the new enemy of the United States. They have been preparing for battle with us for years....there will not be a shot fired...they are smart...they can and will take us down financially with the stroke of a pen....and it will be on their timeline.

  • Upvote 1
Link to comment
Share on other sites

***///

 

they are already here, SNOW...

 

can you believe they actually hold the notes on some - if not all by now - of our own National Parks...?

 

that our gubment has been selling out every one of us to them...?

 

all that talk about them hacking US is a real joke....

it's all by design and we're being handed over lock, stock n' barrel by our own feds.

  • Upvote 1
Link to comment
Share on other sites

Ladies you are right...they are buying up anything for sale....parks, BANKS, anything in New York, commercial property all of this country.

 

Trump knows and understands this. This is why if the time comes I will vote for him. He hates China...is a bad (but great) way!!!!


THe clintons have a ton of residential property in china...what does that tell you??????

  • Upvote 3
Link to comment
Share on other sites

***///

 

Good eye, SNOW, good eye !  

 

Sure, they've got their  own 'solvency' issues right now,

but by 'using' US, it's like they've fanagled one hell of an insurance policy.

 

we're gittin' OWNED.  Why do ya think they need all those ANCHOR BABIES...?

 

So they'll have a built-in force to manage US from right here amongst US.

They know we can't keep out their kommie gubment stooges sent here to handle their bidniz if

those stooges have GRINGO BABIES !

 

 

between them and the ever-increasing built-in radical islamists -- we're skarewed. <_<

  • Upvote 1
Link to comment
Share on other sites

China is seeking to activate its role in global economic activity

 

 

         

11/23/2015 0:00 

 Baghdad follow up the morning 

 Adding the yuan to a basket of currencies International Monetary Fund, according to Benjamin Cohen, international political economy professor at the University of California, impetus to support China's position, and most important, is that this procedure would strengthen Chinese efforts to internationalize its currency to the government's efforts. 

He adds Cohen within his article published in the site Project Sandekket: in 2014 the Chinese currency occupied the seventh position in the world's central banks reserves, eighth place in the issuance of international bonds, and the place eleventh in the global trading currencies, and the Chinese monetary authorities still determine the daily trading exchange rate margins. 

was International Monetary actually fund skeptical until August with respect to the addition of the yuan to a basket of its currency. 

This decision making China is seeking to revitalize its role in the global economy, where a senior official of the Chinese Foreign Ministry said on Sunday that China will be presented to Southeast Asian countries loans with ten billion dollars for the infrastructure sector. 

He said Liu Zhenmin, Deputy Foreign Minister, told a news conference on Sunday on the sidelines of a meeting of leaders of the Asia-Pacific countries that the second largest economy in the world will provide aid worth 3.6 billion yuan (560 million dollars) for the least developed countries of the Association of Southeast Asian Nations (ASEAN) in 2016 . 

On the other hand the Chinese government said on Sunday it would support the growth of health and retail, travel and sport sectors in an effort to boost domestic consumption. 

The government said in a statement on its website: it will encourage financial institutions to accept a greater number of guarantees for the granting of loans for activities «associated lifestyle». 

Other sectors focused on by the government for the elderly, family, culture, law and subsistence and food service sectors as well as education and training of senior officials in China and talked about the «new ordinary» slower pace of growth, while the second largest economy in the world attention turns to sustainable development, led by consumption. 

and heading China's economy this year to record a slower pace of growth in more than two decades and came down the rate of growth in China to 6.9 percent in the third quarter of the year which is the weakest since the global financial crisis, partly due to the weakness of investment.

 

  • Upvote 1
Link to comment
Share on other sites

Westerners Should "Be Very Afraid" of Friday's Chinese Yuan-IMF Decision

 

 

November 17, 2015

 

yuan-dollar-balance.jpg?e8afefChina's yuan was just awarded reserve currency status. This was the precise event former Wall Street banker Evander Smart warned of in September:

"If you live in the West, and this goes down, be afraid, be very afraid," Smart wrote in an op-ed for "future of money" site Coin Telegraph on Sept. 10. "The world is starting to prepare for life without the dollar and westerners should, too!"

On Friday, the International Monetary Fund (IMF) recommended the yuan, also known as the renminbi, to be included in its $280 billion basket of currency reserves known as Special Drawing Rights (SDR). The Chinese yuan-IMF decision places the currency alongside the U.S. dollar, the Japanese yen, the British pound, and the euro.

Inclusion becomes official at the end of the month on Nov. 30, according to French news service AFP.

As an SDR world reserve currency, the Chinese yuan is now legitimized as a serious competitor to the U.S. dollar.

Here's what you need to know…

Chinese Yuan-IMF Decision: Times Are Changing for the Dollar

The U.S. dollar's favored status as a world reserve currency has long churned up demand – as a global benchmark, other countries use the USD for international trade. The effect has propped up the dollar.

But increasingly there's another global currency option for trade – the yuan.

"Times have changed, and the shoe is on the other foot. America – land of perpetual warfare – is swimming in $18 trillion in national debt," Smart wrote. "The U.S. owes almost $3 trillion to just Japan and China alone as it prints about $696 million per day. According to the IMF or the world's loan shark, China has even passed the U.S. as the world's largest economy."

Smart continues, "Over the last several years, many countries, especially in East Asia, have stopped using the U.S. dollar for trading purposes. These are called 'bilateral trade agreements,' and they're becoming as popular as cat videos on YouTube."

He notes that more and more, countries are instead opting for the Chinese yuan…

 

"Countries are trading so much yuan that it has become the second most used currency in the world, passing the euro in 2013 whereas ten years ago, it wasn't even considered tradable."

The yuan's up-and-coming status was further legitimized by the IMF's decision on Friday. The move places U.S. currency under increased threat.

 

"What does this mean for the U.S. and dollar values?" Smart posed. "Nothing good; we are witnessing China dumping almost $100 billion in U.S. Treasuries, financial centers like Toronto, London, and New York dealing directly in Chinese yuan, and China opening their own financial support organizations like the BRICS Development Banks and the AIIB (Asian Infrastructure Investment Bank) to work around the IMF and World Bank."

Smart notes the rest of the world, eager to ween off the dollar, will think favorably of the Chinese yuan-IMF decision.

"The world sees the handwriting on the wall. China is the economic future, and you're either on board or you are on the Titanic with the U.S… The smart money is moving out of the U.S. dollar, which has been slowly happening over the last decade."

 

  • Upvote 2
Link to comment
Share on other sites

  • 1 month later...

China launches new int’l development bank as power balance shifts

BEIJING - Reuters

 


 
n_93951_1.jpg
 

Chinese President Xi Jinping speaks during the opening ceremony of the Asian Infrastructure Investment Bank (AIIB) in Beijing, China, January 16, 2016. REUTERS photo

Chinese President Xi Jinping launched a new international development bank seen as a rival to the U.S.-led World Bank at a lavish ceremony on Jan. 16, as Beijing seeks to change the unwritten rules of global development finance. 

Despite opposition from Washington, U.S. allies including Australia, Britain, German, Italy, the Philippines and South Korea have agreed to join the Asian Infrastructure Investment Bank (AIIB) in recognition of China’s growing economic clout. 

“Asia’s financing needs for basic infrastructure are absolutely enormous,” Xi said in a speech at the launch, adding the bank would aim to invest in projects that were “high-quality, low-cost.”

In order for Asia to continue to be the most dynamic region for global growth, it needs to invest in infrastructure and connectivity, Premier Li Keqiang said, during the afternoon session of the opening ceremony. 

The AIIB is expected to lend $10 billion-$15 billion a year for the first five or six years and will start operations in the second quarter of 2016. 

“We already have a very good pipeline of co-financing projects (with other international development banks) and stand-alone projects,” Jin Liqun, AIIB president, told journalists on Jan. 17, adding that while loans would be made in U.S. dollars, the bank may raise capital in other currencies including the euro and yuan. 
 
Diplomatic coup 

Luxembourg Finance Minister Pierre Gramegna said the establishment of the AIIB was “further proof of the rebalancing of the world economy.”

A successful AIIB that sets itself apart from the World Bank and the International Monetary Fund (IMF) would be a diplomatic triumph for China, which opposes a global financial order it says is dominated by the United States and does not adequately represent developing nations. 

The bank will have an internal department focused on compliance and integrity that reports directly to the bank’s board, Jin said on Jan. 17. 

Developing a good corporate culture that holds its staff to high standards was “far more important than just making loans,” he said. 

The AIIB will require projects to be legally transparent and protect social and environmental interests, but it will not force borrowers to adopt the kind of free-market practices favored by the IMF, sources have told Reuters. 

By not insisting on ome free market economic policies recommended by the World Bank, the AIIB is likely to avoid the criticism levelled against its rivals, which some say impose unreasonable demands on borrowers. 

It could also help Beijing stamp its mark on a bank regarded by some in the government as a political as much as an economic project. 

Thirty founding countries that hold over 74 percent of shares in the bank have ratified the AIIB agreement and the remaining countries have until the end of the year to complete the membership process, Jin said on Jan. 17. 

Baikuntha Aryal, joint secretary at Nepal’s Ministry of Finance, said the Himalayan country was hoping the AIIB would fund roads, hydropower and urban development projects. 

“The AIIB is specifically for infrastructure so we see it as a supplement to projects in Nepal funded by the ADB (Asian Development Bank) and World Bank,” he said. 

China has an initial subscription of $29.78 billion in authorized capital stock in the AIIB, out of a total of $100 billion. It invested another $50 million on Jan. 16.

January/17/2016


Read more: http://dinarvets.com/forums/index.php?/topic/214511-china-launches-new-int%E2%80%99l-development-bank-as-power-balance-shifts/#ixzz3xV2G9fAX

  • Upvote 1
Link to comment
Share on other sites

  • 2 months later...

The World Bank reduced the growth forecast for East Asia

 

 

   
 

 
 

4/12/2016 0:00 

 Capitals ( Reuters ) - The 

World Bank announced reduced its forecast for economic growth in 2016 and 2017 for East Asian and Pacific developing Hadi, confirmed that risks such as uncertainty about the prospects for growth in China and the volatility of financial markets and a further fall in commodity prices cast a shadow on the outlook. 

And now expects the bank international to grow East Asia and Pacific developing Pacific that China has 6.3 percent in 2016 and 6.2 percent in 2017 slowing from 6.5 percent in 2015 's economy, compared to an earlier forecast him in October by 6.4 percent in 2016 and 6.3 percent in 2017. 

he explained the bank the expected slowdown in the region basis due to continued low growth in China, which is likely to see a slowdown in growth from 6.9 percent in 2015 to 6.7 percent in 2016 and 6.5 percent in 2017, there has been no change in the growth forecast for China from October . He said the World Bank in its latest economic report on East Asia and the Pacific: " the basic condition for growth and poverty reduction in the region and the positive is the basis of significant risks." He added that the potential hazards include recovery weaker than expected in high - income economies and slowing faster than expected in China, in addition to increases in the volatility of financial markets could lead to a narrowing of credit conditions and have adverse effects on the economy Alhakiqi.ofatt Bank that a further decline in commodity prices will have a negative impact on the two presidents exporters of these goods and reduce public spending and investment .

  • Upvote 2
Link to comment
Share on other sites

  • 3 months later...
  • yota691 changed the title to Report: China is preparing to launch gold futures convertible gold

Report: China is preparing to launch gold futures convertible gold

Report: China is preparing to launch gold futures convertible gold

Several reports have indicated that China is seeking to activate new oil contracts

 
 04 September 2017 09:15 PM

China is preparing to launch yuan-denominated futures convertible into gold, a move that could reduce the US dollar's control over crude pricing, according to press reports.

The Nikkei Asian Review said on Friday that oil futures would be the first commodity contracts in China open to foreign investment funds and oil companies.

The report pointed out that in China's bid to make new crude contracts more attractive, it plans to make them fully convertible to gold on the Shanghai and Hong Kong exchanges.

In recent months, several reports have addressed China's pursuit of future oil contracts in local currency.

The newspaper believes that the new oil contracts may enter into force by the end of this year, after months of delay.

China is the world 's largest oil importer at present, surpassing the United States in the first six months of 2017.

  • Upvote 1
Link to comment
Share on other sites

On 11/15/2015 at 8:39 AM, SgtFuryUSCZ said:

***///

 

they are already here, SNOW...

 

can you believe they actually hold the notes on some - if not all by now - of our own National Parks...?

 

that our gubment has been selling out every one of us to them...?

 

all that talk about them hacking US is a real joke....

it's all by design and we're being handed over lock, stock n' barrel by our own feds.

10 Tril to 20 tril, thanks obummer. To late Trump.

Link to comment
Share on other sites

  • yota691 changed the title to "It's A Huge Story": China Launching "Petroyuan" In Two Months

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
 Share

  • Recently Browsing   0 members

    • No registered users viewing this page.
×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.