stabilizer:
China surprised the world by deciding to cancel the dollar peg in the stock exchange transactions and decided to deal officially by using the Chinese yuan instead of the dollar.
This is a bold and important step in China's economic history.
This means that the dollar has become non-existent in Chinese trading and the US dollar will fall strongly against the Chinese yuan.
It may affect it in global markets.
All the global markets were stunned by the decision.
The news was discussed today on the BBC World English afternoon program.
It is an economic war that could lead the world to a devastating war which cannot be neglected if America acts foolishly in the face of this decision !! China 2021 will lead the world.
This is China's old dream and what it planned to achieve for decades or more.
China plans a separate digital currency e-RMB, to take on fights with $

e-RMB, which is set to be the first digital currency operated by a major economy.

A sovereign *digital currency provides a functional alternative to the dollar* settlement system and blunts the impact of any sanctions or threats of exclusion both at a country and company level,” last week’s China Daily report said.

Some Government employees and public servants are to receive their salaries in the digital currency from May.

A decline in cash usage is expected to continue amid the growing popularity of digital payment platforms and as people avoid physical contact during the coronavirus pandemic.

It may also facilitate *integration into globally traded currency markets* with a reduced risk of politically inspired disruption.

The Dragon has started making moves
(as predicted/ expected)

https://www.theguardian.com/world/2020/apr/28/china-starts-major-trial-of-state-run-digital-currency

Ivimilly:
The film this year no go finish

GamalNasser:
China will be brought to it's knees soon , all this one is initial gragra

stabilizer:


With trump as the president of the states, China will win.

Fabulouzjoseph:
Hmn there is problem ooo
if the dollar falls the naira might also fall because the naira is always pegged along with the dollar in various stock exchanges.

GamalNasser:


With Trump as president they will be brought to their knees , he already rounded them up before this virus and he will again ...So you are saying it's Joe Biden that will bring them to their knees ? oga I hope you are not gay oooo

PlayerMeji:
Not in the least

China wants to do an America in half of a quarter of years it took America to get to where they are.

It's high time China was reduced to fragments like USSR. Just watch how countries would be caved out of China in no time.

hargbolahan01:
US is already working on that...US has put on UN table to recognize Taiwan as a fully independent nation and accept them in UN member and I know they are also behind Hong Kong protest

JhayJoe:
Who Naira even help sef

Stalwert:
once IPOB support you, your life is as good as being on life support. Chia, Pele US, you guys need to strongly warn ipob to face their front oh, 1 in 5 US worker has filed for unemployment,

33 million have filed for unemployment first in its history.

US has less than 8% of world's population but currently has 1/3 of Corona related deaths

US oil fell below $0 a first in its history.
US soldiers were viciously injured -many had brain injury - by Iran retailtory strikes, they did nothing.

If IPOB support please beg them to back off.

hargbolahan01:
the unemployment case happens because of coronavirus....US economy is highly capitalism and control by SME and since those are not making money they sack worker and those sacked workers turned to govt for help...it is during Trump regime that US had one the highest job in history

is it IPOB that create covid 19 too?
can you just be reasonable and intelligent when you are criticising

Davash222:
China is just deceiving themselves..