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Showing results for tags 'yuan.'.
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Here's ome articles of Dinarian interests... All international loans & trade will be done in Yuan only. The death of the USD has started. Treat as rumors. Not verified. Your opine. BRICS To Take Loans In Chinese Yuan, Ditch US Dollar. ARTICLE: BRICS members Russia & China are looking to ditch the US Dollar for loans & use the Chinese Yuan for disbursement. Russia’s Finance Minister Anton Siluanov said that the country is considering discussions with China for the possibility of getting loans in the Chinese Yuan & not the US Dollar. The BRICS alliance is looking at several options to reduce dependency on the US Dollar & promote local currencies instead. China & Russia are the flag bearers of the De-Dollarization initiates & are convincing other nations to cut ties with the US Dollar. Read here to know how many sectors in the US will be affected if BRICS ditches the Dollar for trade. From Other Sources: BRICS: Russia Wants Loans In Chinese Yuan, Not The US Dollar. ARTICLE: Siluanov confirmed that Russia is ready to accept loans in the Chinese Yuan & not the US Dollar. However, he revealed that Moscow is awaiting the nod from Beijing as discussions continue with the matter. Considering both are BRICS members, the deal might go through & loans could be disbursed in the Chinese Yuan. If China agrees to disburse loans in the Chinese Yuan, billions of US dollars will not exchange hands on the global stage. BRICS aims to put pressure on the US Dollar giving more mileage to the Chinese Yuan & other local currencies. However, Siluanov explained that the loan deal is yet to materialize as no decision has been taken yet. “Negotiations with Chinese partners have been going on for a long time. So far there is no decision. We discussed this topic at the end of last year at the inter-ministerial dialogue,” he said to RIA. The BRICS bloc is exploring several proposals to end dependency on the US Dollar. If the trend continues for a decade, the US Dollar will be the hardest-hit currency in the global financial markets. Frank26 via Iraq Boots-On-The-Ground report via FIREFLY: Talked To A Bank Friend. ARTICLE: Talked to bank friend. He said ever since July 2023 Alaq has said the deletion project is still in effect. He said there's a lot going on with this process & the joining of the WTO this week could see some type of announcement. My bank friend thinks the Dinar will be stronger than it was in the 1980's. The article made it very clear that it will be. We are still stuck at 1310...we'll take $1.30. FRANK: I know it's been since last year this project to delete the zeros has been going on but the beauty of it is that it's been going on! It's real. It does exist. It's not fictitious. Your currency is very very close to having value added to your Iraqi Dinar. [Post 1 of 2....stay tuned] Frank26 via Iraq Boots-On-The-Ground report continued: Your Bank Friend Knows Something Is Happening. FRANK: You citizens need this because they took the Dollar away & all other foreign currency away from you...And they took almost 97% to 98% of your three zero notes off the street already. They created this giant void in your monetary structure so they could fill it in and present to you the lower notes with the new exchange rate that would match it...Your bank friend knows something is happening...IMO that is quite an improvement in the landscape of your economic & monetary reform. -
Here's an article of Dinarian interests China Yuan will be the global reserve currency displacing the USD. This could happen as early as March 1. Will this signal or trigger the GCR on such a date? treat as a rumor. Not verified. Your opine. From Other Sourses: China’s Rise As World Reserve Currency Spells Trouble For USD, Warns Economist Richard Bove. Fresh from his retirement, famed banking analyst Richard X. Bove has delivered a prediction that could throw a spanner into the works of the U.S. economy. Here are his full remarks. The USD crash could lead to 1,000% annual inflation as Germany experienced after WWII. Bank of America’s Prediction: Couple that with the Bank of America predicting a soft landing & it’s easy to see why so many experts have been confused by the timing of Bove’s prediction. Regardless, Bove stands behind his prediction. China’s Projected GDP: Bove’s latest forecast lines up with projections based on current growth rates, indicating that China’s GDP could surpass that of the U.S. within a decade. Regulatory Response: Chinese regulators have expressed confidence in containing the global shockwaves rippling out from Evergrande’s failure. U.S. Economic Growth: In the final quarter of last year, the U.S. economy exceeded expectations, with a 3.3 percent annual GDP growth, outpacing analysts’ consensus of 2 percent. This marks the 6th consecutive quarter of the U.S. economy expanding at a pace of 2 percent or more. Economic Momentum: American consumers provided the momentum behind the unexpected resilience of the U.S. economy. Despite facing high interest rates and increased price levels, their willingness to spend helped the economy narrowly avoid a recession.
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Here's an article of Dinarian interests... Move over USD...the Yuan & gold will be king in 2024. Will this bring on the GCR? 2024 will be the year of the BRICS & the China Yuan. Goldilocks' Comments & Global Economic News. USD Downgraded. ARTICLE: "Morgan Stanley cut its outlook for the US currency to ‘Neutral’ from ‘Bullish’. However, it noted that seasonality & short positioning could potentially still drive further upside, Bloomberg News reported." We have a lot of the BRICS currency countries getting ready to trade with each other sidelining the Dollar along the way. Some have already begun this process. This will move the price of gold to make up the difference in the following use of the Dollar along with inflation that will eat at its value. It will require more gold to fill in the gaps & create more & more need to support the Dollar through these new capital requirements of Basel III about to be implemented on January the 16th. This will create a profound effect on all of the Global currencies that reliance on the Dollar in trade especially those who are trading now in their local currencies. As this year goes on, the need to utilize the worth of gold inside these currencies around the world will make the value of gold increase. It will enable the Global currencies to hold in reserve status more gold to support their currencies rather than the US Dollar. Over time, the use of gold will determine the new values our Global currencies will have. As these currencies formulate new values inside the markets & the banking system through use-case scenarios, we will develop standard protocols capable of leveling the playing field around the world.
