________
Source: Men of Order
Russia and China to Launch New International Currency
By Bryan Sharpe | March 28, 2022
Could this new Russia/China cooperation program spawn a new cryptocurrency; one that may rival Biden's CBDC initiative?
Russia and China to Launch New International Currency
Could this new Russia/China cooperation program spawn a new cryptocurrency; one that may rival Biden's CBDC initiative?
On March 11, a video conference was held between the EAEU (Eurasian Economic Union) and the CPR (Chinese People's Republic). The two bodies made an agreement during the dialogue called "A New Stage of Monetary, Financial and Economic Cooperation between the EAEU and the PRC. Global Transformations: Challenges and Solutions." Russia and China are moving closer together.
The mission is to create a new international currency that will be calculated based upon an index of currencies of the participating nations. Could this new currency become a cryptocurrency? The first draft is expected to be submitted by the end of March (2022).
(The current members of the EAEU include Russia, Armenia, Belarus, Kazakhstan, and Kyrgyzstan)
The session organized by the EEC (European Economic Community) and the Renmin University of China plans for the EAEU and China to "develop a project for an independent international monetary and financial system."
The Minister for Integration and Macroeconomics of the EEC, Sergei Glazyev, stated, "Given the common challenges and risks associated with the global economic slowdown and restrictive measures against the EAEU states and China, our countries should intensify practical cooperation, both at the level of regular expert dialogues and in the area of joint measures and projects,"
"Russia and China have created their own payment systems and a system of electronic information exchange between banks, but economic activity participants are still very inactive in using these infrastructure elements and still work in foreign currencies,", stated Glazyez.
He continued, "I believe that we should radically reverse the situation and create our own Eurasian monetary and financial system. It would insure us against risks and would be reliable, transparent, convenient and efficient and would not be burden-some for economic activity participants."
On stabilizing the exchange rates of the national currencies, Glazyez noted: "It is long past time to sign an agreement between the EAEU States to ensure stabilizing exchange rates and to create a "currency snake" similar to the one existed in the European Union countries."
China's New Silk Road
In 2013, President Xi Jinping launched BRI (China's Belt and Road Initiative). This mission plans a "vast network of railways, energy pipelines, highways, and streamlined border crossings, both westward—through the mountainous former Soviet republics—and southward, to Pakistan, India, and the rest of Southeast Asia."
Please go to Men of Order to read more.
Unbeknown to Most, A Financial Revolution Is Coming That Threatens to Change Everything (And Not for the Better)
The mission is to create a new international currency that will be calculated based upon an index of currencies of the participating nations. Could this new currency become a cryptocurrency? The first draft is expected to be submitted by the end of March (2022).
(The current members of the EAEU include Russia, Armenia, Belarus, Kazakhstan, and Kyrgyzstan)
The session organized by the EEC (European Economic Community) and the Renmin University of China plans for the EAEU and China to "develop a project for an independent international monetary and financial system."
The Minister for Integration and Macroeconomics of the EEC, Sergei Glazyev, stated, "Given the common challenges and risks associated with the global economic slowdown and restrictive measures against the EAEU states and China, our countries should intensify practical cooperation, both at the level of regular expert dialogues and in the area of joint measures and projects,"
China was the first in the world to move to the stage of national economic recovery.This economic merger between Russia and China is not new. In 2020, Sergei Glazyev brought forth a proposal. The splits were 50% within the Union and approx. 15% in settlements with China.
Sergei Glazyev
"Russia and China have created their own payment systems and a system of electronic information exchange between banks, but economic activity participants are still very inactive in using these infrastructure elements and still work in foreign currencies,", stated Glazyez.
He continued, "I believe that we should radically reverse the situation and create our own Eurasian monetary and financial system. It would insure us against risks and would be reliable, transparent, convenient and efficient and would not be burden-some for economic activity participants."
On stabilizing the exchange rates of the national currencies, Glazyez noted: "It is long past time to sign an agreement between the EAEU States to ensure stabilizing exchange rates and to create a "currency snake" similar to the one existed in the European Union countries."
China's New Silk Road
In 2013, President Xi Jinping launched BRI (China's Belt and Road Initiative). This mission plans a "vast network of railways, energy pipelines, highways, and streamlined border crossings, both westward—through the mountainous former Soviet republics—and southward, to Pakistan, India, and the rest of Southeast Asia."
Please go to Men of Order to read more.
________
More:
Более 2,5 тысячи золотых слитков купили казахстанцы в феврале [More than 2.5 thousand gold bars were bought by Kazakhstanis in February, 2022]
More on Sergey Glazyev:
The end of US sanctions that are destroying the economies of countries other than Russia. Why? Because Russia has been preparing for this.
Change everything for who? The Chinese? The Russians? No, the Americans, the British and the Europeans.
It is the end of BlackRock in China and Russia:
Related:
It apparently started in Kazakhstan:
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.