China to Start Payments With Russia in National Currencies on December 29

DRTOA – Well Fiat US currency, It was Nice Knowing You……………

lewrockwell.com / by Sputnik News / December 27, 2014

The China Foreign Exchange Trade System has announced that since December 29, China, Russia, Malaysia and New Zealand will start the usage of national currencies in mutual transactions. Beijing hopes to make the yuan an alternative to the US dollar in global trade.

MOSCOW, December 26 (Sputnik) — China will start swaps and forwards between the yuan and the national currencies of Russia, Malaysia and New Zealand on December 29, the China Foreign Exchange Trade System (CFETS) reported Friday.

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