China And Russia Replace US Dollar As Reserve Currency

The Event Is Coming Soon - China And Russia Replace US Dollar As Reserve Currency

Two years ago, ICBC, the largest and most valuable bank in the world by total assets and market capitalization, was planning to open a clearing bank in Russia for trade settlements in Yuan (Renminbi) and Rubles. ICBC’s business involvement include electricity, mining, chemical, oil and gas, telecommunication, retail, machinery and metallurgy sector in Russia.

It makes perfect sense to get rid of US dollar. Why must China and Russia conduct their business transactions using their rival’s currency? The US dollar is so strong because 80% of world trade take place in US dollar. Besides military might and power, the high demand for US dollar is also driven by perception that it’s the safest currency simply because US is also the world’s biggest economy.

Last month, China and Russia decided to break their dependency on US dollar in their bilateral trade and investment. Bank of Russia, the Russia’s central bank, opened its first overseas office in Beijing on March 14. A week later, ICBC (Industrial and Commercial Bank of China) officially opens for business in Moscow – as a clearing bank for Yuan / Renminbi.

“Financial regulatory authorities of China and Russia have signed a series of major agreements
This source is taken from youtube.
The table is turning!!!!!!!!!!!!!!!! Thank god !!!!!!!!!!!! Soon the US will do, whaT THE WORLD TELLS THEM TO DO !!! IT IS ABOUT TIME The United War and Terror States of America get fed their own medicine !!!!
The world will dance in the streets when that terror nation goes down , down, down.....
China needs the US and Canada to make money...they do lots off assembling for Canada and US to make money....... China has a better stealth fighter jet than Russia has .... Russia will copy it