Russia is scheduled to commence the use of the Chinese yuan for international payments this week, replacing the US dollar. Additionally, Saudia Arabia is in talks with the Chinese government to follow suit. It has been projected that Brazil, Russia, India, China, and South Africa may break away from utilizing the US dollar for international transactions. There are also rumors that Iran and South Arabia may join this movement.

The recent meeting between Russian president Vladimir Putin and Chinese president Xi Jinping in Russia resulted in an agreement to use the Chinese yuan as a settlement currency for countries in Asia, Africa, and Latam. Putin expressed his support for the use of national currencies for international trading and also expressed his positive opinion on the use of the yuan as a form of payment in bilateral trade, particularly with emerging economies. This move may potentially reduce reliance on the U.S. dollar as a settlement currency and could have implications for the global economic landscape.

If more countries begin to adopt alternative currencies like the yuan for international transactions, it could potentially reduce demand for the US dollar, which could lead to a gradual weakening of the currency over time. This could have implications for the US economy and its position in the global financial system, as well as for global financial stability more broadly.

It is important to note that exchange rate movements are driven by a wide range of factors, including macroeconomic fundamentals, monetary policy decisions, geopolitical events, and market sentiment. As such, any potential impact on the US dollar resulting from the recent agreement between Russia and China is likely to be complex and multifaceted.


https://www.youtube.com/watch?v=5IqxRRrmQqg

Good one

Rwanda president has already told his people not to save their money in dollars.

Our own doesn't even know what is happening.

Great. (worthless) Naira is available if they to use it For their international payments

Emefile scrotum will be crushed with my marvel fair boots

Update

OneCandleAway:
Rwanda president has already told his people not to save their money in dollars.

Our own doesn't even know what is happening.

Do we have presidents in Nigeria or political stooges w ho depend on western funds for survival.

OneCandleAway:
Rwanda president has already told his people not to save their money in dollars.

Our own doesn't even know what is happening.

But I had your Somalian president is aware

You have something as serious as this and the only reference is a YouTube video.


You kidding ?

Rebuker:
Russia is scheduled to commence the use of the Chinese yuan for international payments this week, replacing the US dollar. Additionally, Saudia Arabia is in talks with the Chinese government to follow suit. It has been projected that Brazil, Russia, India, China, and South Africa may break away from utilizing the US dollar for international transactions. There are also rumors that Iran and South Arabia may join this movement.

The recent meeting between Russian president Vladimir Putin and Chinese president Xi Jinping in Russia resulted in an agreement to use the Chinese yuan as a settlement currency for countries in Asia, Africa, and Latam. Putin expressed his support for the use of national currencies for international trading and also expressed his positive opinion on the use of the yuan as a form of payment in bilateral trade, particularly with emerging economies. This move may potentially reduce reliance on the U.S. dollar as a settlement currency and could have implications for the global economic landscape.

If more countries begin to adopt alternative currencies like the yuan for international transactions, it could potentially reduce demand for the US dollar, which could lead to a gradual weakening of the currency over time. This could have implications for the US economy and its position in the global financial system, as well as for global financial stability more broadly.

It is important to note that exchange rate movements are driven by a wide range of factors, including macroeconomic fundamentals, monetary policy decisions, geopolitical events, and market sentiment. As such, any potential impact on the US dollar resulting from the recent agreement between Russia and China is likely to be complex and multifaceted.


https://www.youtube.com/watch?v=5IqxRRrmQqg

I av stop saving my money in dollars since

Even if this is real, it's not surprising.

Both countries has been in a symbiotic relationship for long.
Russia and China share an enemy, so it's just a case of the enemy of my enemy, is my friend

Russia remain gidigba plus all the blocks, it'll be difficult to isolate Russia successfully if the Americans can't even successfully isolate small North Korea..

America dares not engage any of them in frontal warfare , they'll both suffer greatly and the dollar will lose its hold, hence the economic and strategic assaults, the entire world will plunge into chaos if that ever happens.

Putin knows this, POTUS knows this.

But that won't stop a total madman, any advocate of chaos that becomes the POTUS will want to see the world plunge into disaster bar any loses.

I just dey rant today... Lols

Dialpad:
You have something as serious as this and the only reference is a YouTube video.


You kidding ?

Sir, In my opinion, the video obtained directly from Fox News Channel serves as adequate reference. As it is a live program, watching the video would provide a comprehensive understanding. My attempt was only to provide a condensed summary of the video's content.

Power14:
I av stop saving my money in dollars since

Not in naira also, I guess. Abeg bros, come and give us update o.

China and Brazil have already reached a deal to trade in their own currencies, ditching the US dollar as an intermediary.

https://www.barrons.com/news/china-brazil-strike-deal-to-ditch-dollar-for-trade-8ed4e799?redirect=amp

Dialpad:
You have something as serious as this and the only reference is a YouTube video?

Welcome to the growing new world order, thanks to western favouritism..

US Dollar is still the global currency. *winks


https://www.youtube.com/watch?v=63Tj3vh1w9E

Dollar is even rising in Binance... Jokers

Ok

SensetionalGoal:
Dollar is even rising in Binance... Jokers

The effect may not be immediately. BTW, I am a dollar man.

Rebuker:




The effect may not be immediately. BTW, I am a dollar man.

The truth is that dollar dominance will remain at least for the next 50yrs

SensetionalGoal:


The truth is that dollar dominance will remain at least for the next 50yrs

I pray so.