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Countries Worldwide Dump U.S Dollars, Embrace Russia & China Currencies (Photo) - Business (7) - Nairaland

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Re: Countries Worldwide Dump U.S Dollars, Embrace Russia & China Currencies (Photo) by GUNITGuy: 10:06am On Apr 27, 2023
Greenfusion:

You are funny, what are they trading?.....you only trade and demand your currency when you have what to offer or if your trade volume is high......what does US buy from others that they don't have, what do you get from others that US doesn't sell?......I think US is one of China's biggest trade partner, do you think china would jeopardize that because of their currency, china also wants to sell.......I don't think Dollar would go down so easily.... although nothing is impossible.
That shifts would definitely have an effects .... The paradigm change in Global business is about to go nasty we've never seen nations challenge US dominance most countries might follow suite ...All this lending bodies World bank, imf would soon reconsider their stands ...... This would be noticeable 6months to 1yr from now
Re: Countries Worldwide Dump U.S Dollars, Embrace Russia & China Currencies (Photo) by daneni1(m): 10:15am On Apr 27, 2023
Leebeedo:
Na today? It is very surprising that most of you do not know the implications of this event but continue to spew thrash. British pounds isn't the world's trading currency yet, it has the highest value in the world.

Kuwait Dinar is the highest currency value in the world and not the British pounds.
Re: Countries Worldwide Dump U.S Dollars, Embrace Russia & China Currencies (Photo) by Kelvin3476: 10:17am On Apr 27, 2023
WrathOfHadez:
very misleading and watery article.

So Russia insisting on its currency for trading of its products amounts to the the world turning to Russian rubble and Chinese currency?

Lolz
THAT IS WHY THEY ARE CALLED BRAINDEAD PUTARDS.

THEY JUST CONCORT ANY NONSENSE TO FEEL BELONGED

1 Like

Re: Countries Worldwide Dump U.S Dollars, Embrace Russia & China Currencies (Photo) by ocelot2006(m): 10:18am On Apr 27, 2023
kenny714433:
But how the USA made its currency acceptable by all countries need to be studied. Forget it, the USA was/is very good at what they do.

The juju they did is about expiring and everyone's eyes are now open but I doubt any significant effects will be felt by USA. The structure is too huge to dismantle or it will take years.

My dear USA, what have the world done to you...

That's because the Saudis and Anericans agreed to tie the dollar to crude oil instead of gold, hence the rise of the petrodollar. The problem now is that the Saudi Criwn Prince is no fan of the present US administration who wanted to make the monarchy a pariah because of the Kassogie murder, and frankly everyone is tired of the US and the collective west using the dollar as a weapon to wreck the economies of those they don't agree with. The present Russia-Ukraine war is the tipping point. Welcome to the multipolar world.

2 Likes 1 Share

Re: Countries Worldwide Dump U.S Dollars, Embrace Russia & China Currencies (Photo) by Nobody: 10:18am On Apr 27, 2023
Dalil8:
The US would gain Finland and Sweden in NATO but lose the rest of the world.

This was President Putin's promise to the West.
How will that affect usa in any way?
Re: Countries Worldwide Dump U.S Dollars, Embrace Russia & China Currencies (Photo) by ocelot2006(m): 10:21am On Apr 27, 2023
Gbogbowa:
how will that affect USA only poor country will suffer. They will still use dollar if they want to trade with USA

Even Nigeria has swapped a portion of its FX earnings from dollar to yuan.
Re: Countries Worldwide Dump U.S Dollars, Embrace Russia & China Currencies (Photo) by Righteousness2(m): 10:21am On Apr 27, 2023
Trustedpronet:


I always respect your stand on spiritual matters...
The Babylon is not america rather it is false religion empire. Which comprises all false religion on earth. Talking of America in revelation...Read the character of the Seventh horn or book of Daniel you will see clearly where America is placed amongst the 7nations that ruled the world.

My brother the Babylon where Daniel was is modern day persia, which is Iran. It's not the same as the Mystery Babylon whose destruction is prophesied by John the Beloved.

"Mystery" Babylon in revelation is not iran. It is a nation God empowered to be a world super power.

When you read revelation 18, the United States perfectly fits the " Mystery Babylon "
America is the mystery Babylon.
Her destruction and desolation is too sure.
Re: Countries Worldwide Dump U.S Dollars, Embrace Russia & China Currencies (Photo) by sharpwriter(m): 10:26am On Apr 27, 2023
Sukkot, is this true, wetin dey happen o shocked shocked
Re: Countries Worldwide Dump U.S Dollars, Embrace Russia & China Currencies (Photo) by timesuploaded: 10:27am On Apr 27, 2023
inoki247:



Lol why the tears under my mention...


I have the right to my own opinion so save your tears ...



I know you've not engaged yourself with anybody from doz country that's why you're still crying ask any of dere citizens which currency will dey take between dere Local Currency and Usd nd see Dem embrace dollars....
You don't have right. America don't have right to exist. I will destroy America and all her supporters
Re: Countries Worldwide Dump U.S Dollars, Embrace Russia & China Currencies (Photo) by timesuploaded: 10:28am On Apr 27, 2023
MadamExcellency:


How to spot a Sudanese dual citizen. Are you back in Nigeria?
Sudan is better than America. Ogun kee u
Re: Countries Worldwide Dump U.S Dollars, Embrace Russia & China Currencies (Photo) by fabolouz1(m): 10:28am On Apr 27, 2023
I bet you even if all the countries in the World do, Nigeria won't because we are still enslaved by our past.
Re: Countries Worldwide Dump U.S Dollars, Embrace Russia & China Currencies (Photo) by Passwords247: 10:31am On Apr 27, 2023
Sometimes, the devil we know is far more better than the angle we don't know
Re: Countries Worldwide Dump U.S Dollars, Embrace Russia & China Currencies (Photo) by ocelot2006(m): 10:31am On Apr 27, 2023
Revolution2022:
How will that affect usa in any way?

The dollar begins to lose its value, and the US loses the ability to control others via the weaponization of the dollar and other financial tools like SWIFT as other countries can now fall back on other currencies like the Yuan and Ruble along with alternative systems like SPFS and CIPS. In a nutshell, the USA loses its influence and power over others.
Re: Countries Worldwide Dump U.S Dollars, Embrace Russia & China Currencies (Photo) by Mrnairalandd: 10:32am On Apr 27, 2023
ovieigho:
Be jubilating
As if you can live happily in China ..🤣


I remembered Nigerians that absconded during Russia 2014 World Cup !! Body tell them before they cried for self deportation


I wonder why people hate USA that have done so much for the world ….


Erase this stupid mentality(China doesn’t allow foreigners but USA does) from your stupid head. It’s like comparing an Armed Robber/Hired Assassin who invaded your house and killed your parents so as to steal ur parents’ properties. Subsequently, the Assassin/Armed robber used the stolen (your fathers and others) properties/resources to build a reputable company and decide to employ you and others…

USA destroys countries with its military might while China build countries.

USA single-handedly with its evil partner called UK sanctioned countries that tried to act in the interest of their poor citizens.

USA is like fowls’ owner who feed those fowls through the year but kill them for Xmas- This is how USA operates. They used CNN and other global news channels to portray USA as a wonderful country but opposite is d case.

The evils USA has committed against innocent people /countries around the world is scary.

3 Likes

Re: Countries Worldwide Dump U.S Dollars, Embrace Russia & China Currencies (Photo) by Cassandraloius: 10:32am On Apr 27, 2023
This is wonderful but I don't think that Nigerians will dump dollars, not for any reason. grin

1 Like

Re: Countries Worldwide Dump U.S Dollars, Embrace Russia & China Currencies (Photo) by Kelvin3476: 10:35am On Apr 27, 2023
WrathOfHadez:
very misleading and watery article.

So Russia insisting on its currency for trading of its products amounts to the the world turning to Russian rubble and Chinese currency?

Lolz
omohayek:

Many Nigerians are so immersed in anti-Americanism that they're willing to swallow any old nonsense that plays to their prejudices, however transparent. The same people who believe CNN, The New York Times and the BBC are all propaganda organs have no problem accepting brazen lies from Chinese state media, RT or Fox "News" as gospel.
WrathOfHadez:
very misleading and watery article.

So Russia insisting on its currency for trading of its products amounts to the the world turning to Russian rubble and Chinese currency?

Lolz
VERY BRAINLESS MOFOS.

THEY WILL ALSO REJOICE ON ANY NEWS FROM BBC, CNN AND CO IF THEY ARE BROADCASTING IN FAVOUR OF RUSSIA OR CHINA.
THEY WIL TAKE US OUR CHINA\RUSSIA

1 Like

Re: Countries Worldwide Dump U.S Dollars, Embrace Russia & China Currencies (Photo) by Bluntemperor: 10:39am On Apr 27, 2023
ganisucks:
Rubbish. The same song was played in 2006, 2007, and 2008, when musicians were hyping euros. Twelve years on, the dollar still stands proud.

This OP and his nonsensical writing,is a clout chaser because the Dollars will continue for a very long time to come!
The fact that the Russians ( not Majority )-but dictates of Putin is the one running his War with Ukraine and other neighbors- just to annexed them and is loosing face in the West),so we should be Clapping for him- imaging him being a dictator- is that what the World needs?
For the Chinese, with a Population of 1.4Billion - whose mission is to grab as many Countries and put it under Mandarin Language- Since the British handed over Hong Kong,how has that Entity perform?
Now, getting Taiwan under their Control,which they see USA,as being arrowhead of resistance, should tell you that,they can't do business under unilateral Currency,but just to tell you they have same false- ambition of a Unipolar World! This is the very thing they ( China and Russia) are condemning America and they themselves are doing exactly,to buy or Colonise -ALL Africa under them- even the China- Road-Belt- Infrastructures - is not free but a fluke,as when your Country failed to repay the Loan,they Stepped in to take over the Country and the Infrastructures. Call it 2nd- Re- Colonisation! Agenda!
Both Russia and China are COMMUNIST Countries and you will have no single Freedom,for all things are restricted.They are now equipping - the North Korea,the Sudan,the Iran and even the poor State of Pakistan- with Nuclear Weapons for sale!
Has American ever taken and Annexed any Country they had war with? No,not even Iraq or Afghanistan!
In Nigeria,we are being ethically and tribally biased- while many Muslims, especially in the South loves to chide Americans and the West- for Gay issues ( which is Wrong by American anyway and America should know that what they should do is to ask Africa- how can we help Africa,not to Imposed the Gay Right here,not so with the North because enemy you know is better than unknown,which is Wisdom!
The Saudi Arabia joining them is a distractions because the Saudi leader- MBS is not happy with the America- as he Is being accused of having hand in the murder of Saudi- American- Khashoggi at Turkey embassy few years ago!
Even the BRICS( Brazil, Russia,India , China and South Africa),as they called themselves , can't fly! imagine South Africa is being made a pon in a Chess- game,and what has been their achievements since the death of Mandela and Botha( who brought so many changes, including DSTV,)etc,- nothing but corruption over corruption and serious in- fighting!
Nigeria should be careful not to fall into this World- Power- Game because,it's about interest and we should be neutral and get our Country moving.
There is no law in the World that says, neutrality doesn't pay - just be focused and trestore our Country to full Production level and we shall laugh last!
Re: Countries Worldwide Dump U.S Dollars, Embrace Russia & China Currencies (Photo) by uunwanaobong3: 10:40am On Apr 27, 2023
That is the negative effect of weaponizing currency and economy.




The entire world is seriously determine to turn
united state of america back to a normal country, just like everyone else.

This spell the end of a super hegemonic country.

Without dollar being a global reserve currency, America will not have the economic means to plan and execute wars all over the world at the same time or mass produce war machines as the wish. without world wide dollar usage, America will closed down their over 900 military bases around the world as there will be no money or economy to support it.



America is not a major goods producer in the world again, the only thing keeping America afloat is dollar printing and permanent war economy.

1 Like 1 Share

Re: Countries Worldwide Dump U.S Dollars, Embrace Russia & China Currencies (Photo) by Onyiiobi7735(m): 10:42am On Apr 27, 2023
Dalil8:
The US would gain Finland and Sweden in NATO but lose the rest of the world.

This was President Putin's promise to the West.
Very good development.I pray it happens sooner.
Re: Countries Worldwide Dump U.S Dollars, Embrace Russia & China Currencies (Photo) by Onyiiobi7735(m): 10:46am On Apr 27, 2023
ovieigho:
Be jubilating
As if you can live happily in China ..🤣


I remembered Nigerians that absconded during Russia 2014 World Cup !! Body tell them before they cried for self deportation


I wonder why people hate USA that have done so much for the world ….
We can live happily in China and Russia.At least they don't promote LGBTQ rubbish, and are the reason American sociocultural values can never be adopted worldwide.
Russia and China should continue giving them nightmares.Love it so much.

3 Likes

Re: Countries Worldwide Dump U.S Dollars, Embrace Russia & China Currencies (Photo) by Babapyro: 10:52am On Apr 27, 2023
Rubbiish:

First stop ranting like a mad man, it will not in any way affect the US dollar, who pass u don pass u, I don't see all these needless envy & comparison BTW China & US because u yourself will choose to live in USA over China. China has a 10 times bigger capacity of producing fake products than USA? Abi? U can do without USA products, but not everyone can do without it, because not everyone enjoys using substandard products. The US is the world's largest economy and has the most liquid financial markets, so any country choosing to adopt her own currency for global international transactions is her loss. You don't know the US is doing u a favour.

I like schooling idiots like you that run your mouth even though you don't know anything .
The level of ignorance in your comment is hilarious, a group that represents over 60% of the world economy has agreed to ditch the dollar as their reserve currency and not even use it for trade and this mumu still don't understand the implication.
How is your country going to buy from china if it doesn't accept dollar,will you force it down Thier throat

1 Like

Re: Countries Worldwide Dump U.S Dollars, Embrace Russia & China Currencies (Photo) by Supersymetry: 10:52am On Apr 27, 2023
Rubbiish:

You are just deceiving yourself
US dollar is rooted in innovation, how many countries do u think can do without USA products? Not in the next hundred of years...

Innovation is not peculiar to a single country or race, it comes from all parts of the world.

1 Like

Re: Countries Worldwide Dump U.S Dollars, Embrace Russia & China Currencies (Photo) by merits(m): 10:53am On Apr 27, 2023
WriterNig:



The global de-dollarization campaign is gaining momentum, as countries around the world seek alternatives to the hegemony of the 🇺🇸 US dollar.

🇷🇺 Russia and 🇨🇳 China are trading in their own currencies.

Beijing, 🇦🇷 Argentina and 🇧🇷 Brazil have also dropped the dollar in bilateral trade.

The 🇦🇪 UAE is selling China its gas in yuan, through a French company.

🇧🇩 Bangladesh pays a Russian nuclear power company in Russian rubles, ditching the U.S dollars.

🇵🇰 Pakistan and 🇮🇳 India are trading with Russia in rubles and their local currencies.

Southeast Asian nations in ASEAN are de-dollarizing their trade, promoting local payment systems.

🇰🇪 Kenya is buying Persian Gulf oil with its own currency.

Even the Financial Times newspaper has acknowledged that a “multipolar currency world” is emerging.

When Chinese President Xi Jinping visited Moscow in March, his Russian counterpart Vladimir Putin revealed that two-thirds of the countries’ bilateral trade is already conducted in the ruble and renminbi.

“It is important that our national currencies are increasingly used in bilateral trade“, Putin said. “We should continue promoting settlements in national currencies, and expand the reciprocal presence of financial and banking structures in our countries’ markets”.

The Russian leader added, “We support using Chinese yuan in transactions between the Russian Federation and its partners in Asia, Africa and Latin America”.

Just a week after Xi’s trip to Moscow, China announced that it had for the first time used yuan to buy liquefied natural gas (LNG) from the UAE.

The deal was negotiated between the state-owned China National Offshore Oil Company and the French company TotalEnergies, meaning European firms are now willing to conduct transactions in yuan.

French media outlet RFI described the trade as a “major step in Beijing’s attempts to undermine the US dollar as universal ‘petrodollar’ for gas and oil trade”.

The report quoted the chairman of the Shanghai Petroleum and Natural Gas Exchange, Guo Xu, who said the deal encouraged “multi-currency pricing, settlement and cross-border payment”.

On March 30, China and Brazil (the world’s most populous and sixth-most populous countries) announced they had come to an agreement to trade with each other in their local currencies, yuan and reais.

China’s media network CGTN reported, “The deal will enable China, the world’s second-largest economy, and Brazil, the biggest economy in Latin America, to conduct their massive trade and financial transactions directly, exchanging yuan for reais and vice versa instead of going through the dollar”.

It noted that China is Brazil’s biggest trading partner, and in 2022 the two countries did more than $150.5 billion worth of trade.

Brazil’s leftist President Lula da Silva has called for Latin America to develop a new currency for regional trade, which he calls the Sur.




https://www.youtube.com/watch?v=zMXJsZHla6Q


If it were to be true nice 👍 one.
Re: Countries Worldwide Dump U.S Dollars, Embrace Russia & China Currencies (Photo) by Babapyro: 10:55am On Apr 27, 2023
ovieigho:
Be jubilating
As if you can live happily in China ..🤣


I remembered Nigerians that absconded during Russia 2014 World Cup !! Body tell them before they cried for self deportation


I wonder why people hate USA that have done so much for the world ….
You're very stupid,done so much for the world by invading over 60 countries killing over 11million civilians, dropping a nuclear bomb on civilians and putting Thier nose in everyone's business

1 Like

Re: Countries Worldwide Dump U.S Dollars, Embrace Russia & China Currencies (Photo) by TobiAbuja: 10:55am On Apr 27, 2023
Dalil8:
The US would gain Finland and Sweden in NATO but lose the rest of the world.

This was President Putin's promise to the West.

Shill.

Re: Countries Worldwide Dump U.S Dollars, Embrace Russia & China Currencies (Photo) by Babapyro: 10:57am On Apr 27, 2023
Svoboda:


The US economy thrives on war and violence. The military industrial complex rakes in billions of dollars at every turn. Global dollar backed transactions generate about 1b dollars daily to the us treasury. The us is an evil empire that inspires wars in every continent.

The dollars became a global currency during the 2nd world war when it was paid in gold for weapons supplied to the allies.

The US is a cancer.
This guy is on another level of ignorance, only Saudi Arabia keeps making the dollar relevant with the petrol dollar and they're now joining BRICS,the US and it's allies are fvcked
Re: Countries Worldwide Dump U.S Dollars, Embrace Russia & China Currencies (Photo) by Babapyro: 10:58am On Apr 27, 2023
TobiAbuja:


Shill.
Another slave spotted, suffering and smiling like the good little b*tch your fathers were. You make enemies out of those that have not harm you but you you slave to those that kept you in chains, imbec!le
Re: Countries Worldwide Dump U.S Dollars, Embrace Russia & China Currencies (Photo) by PARADIZEPRIEST: 10:59am On Apr 27, 2023
NA LIE LIE, angry
USA FOREVER STANDS FOR LAND OF FREEDOM AND OPPORTUNITY CITIZENS OF THE WORLD NATIONS ACROSS OF THE WORLD. EVERYBODY WANTS TO GO TO AMERICA. WHY? because YOU GO TO AMERICA AS AFRICAN,ASIA,ARAB,ETC YOU EXCEL AND COME BACK WITH DOLLARS LAUGHING grin grin YOU GO RUSSIA OR CHINA YOU COME BACK WITH BRUISES AND TEARS cry
YOU CHOOSE THE CURRENCY YOU WNAT TO SUFFER OR ENJOY.
SO WHAT DOES RUSSIA LAND STAND FOR SINCE IT CAME INTO EXISTENCE?
SO WHAT DOES CHINA LAND FOR SINCE IT CAME INTO EXISTENCE?
Re: Countries Worldwide Dump U.S Dollars, Embrace Russia & China Currencies (Photo) by FatherofAsaad: 11:01am On Apr 27, 2023
ovieigho:
Be jubilating
As if you can live happily in China ..🤣


I remembered Nigerians that absconded during Russia 2014 World Cup !! Body tell them before they cried for self deportation


I wonder why people hate USA that have done so much for the world ….


I guess Iraq 🇮🇶 Libya 🇱🇾 Afghanistan 🇦🇫 Syria 🇸🇾 Yemen 🇾🇪 Africa in general are part of the world 🌎 the United state has done so much for .. United States have never in their lives and history done anything for the interests of anybody if not them. Get this to your head and start living the reality of life.

1 Like

Re: Countries Worldwide Dump U.S Dollars, Embrace Russia & China Currencies (Photo) by Lordatkinson: 11:02am On Apr 27, 2023
Currency/economy revolution!

USA will be like "wetin we do nah?"

Ladimin Putin will be like "thank God, my no1 fear don dey fall."

I am watching in 5D waiting to see how USA will retaliate through the Brettonwood institutions
Re: Countries Worldwide Dump U.S Dollars, Embrace Russia & China Currencies (Photo) by Gajagojo: 11:08am On Apr 27, 2023
kenny714433:
But how the USA made its currency acceptable by all countries need to be studied. Forget it, the USA was/is very good at what they do.

The juju they did is about expiring and everyone's eyes are now open but I doubt any significant effects will be felt by USA. The structure is too huge to dismantle or it will take years.

My dear USA, what have the world done to you...
You are the one that needs to study

life Did not start the day you were born
The world know how they did it.
Don't assume everyone shares your ignorance
Rather takes steps to fix it

1 Like

Re: Countries Worldwide Dump U.S Dollars, Embrace Russia & China Currencies (Photo) by Moniya4Real(m): 11:11am On Apr 27, 2023
Honestly, it never ceases to amaze me what the West and especially the Us, stands to gain in forcing LGBT right down our throats. Like, I don’t even understand, will they die if we say we want to be procreating according to the natural order of things? Even, animals don’t copulate same sexes so why we humans?



helinues:
Usa don carry their Sara pass moshalashi.

African countries would soon dumb them if they insist on gay right

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