Global developments: China-Russia announces new financial system & currency – Debt repayments in dollars stop! – WarNews247 Confirmation – WarNews247

Russia defaulted on its external sovereign bonds for the first time in a century, the culmination of ever-tougher Western sanctions that shut down payment routes to overseas creditors.

The announcement of the new Eurasian financial system by China marks global developments as WarNews247 had long ago announced. We had said since 19/4 that there will be official announcements. This started today. And now the developments are moving at a very fast pace.

China announced the creation of the “Eurasian IMF” and Putin announced the creation of a new currency. In fact, the accession countries to the wider Eurasian financial system will have no reason to repay the debts they made in dollars or euros!

So there comes a big torpedo in dollars and euros. Many countries will rush to join the new monetary system whether they are from the South or the Middle East.

The IMF was replaced today.

The SWIFT system is replaced.

The Eurasian IMF

The People’s Bank of China creates a yuan reserve with five other countries in cooperation with the Bank for International Settlements to compete with the dollar and support other volatile economies

This is the IMF of Eurasia, in the first phase with the participation of countries such as Malaysia, Singapore, Indonesia, Hong Kong and Chile, which will each contribute 15 billion yuan (about 2.2 billion dollars), in order to have access to lending, in case they need it.

The announcement was made by the People’s Bank of China – and was followed last week by the publication of the Sino-Russian plan by Putin himself to create the “anti-dollar” for international trade, with the participation of countries such as Brazil, India and South Africa.

“When they need liquidity, the participating central banks will not only be able to draw on their contributions, but will also have access to additional financing through a secured liquidity window, ” the bank said.

According to the report, the funds will be stored at the Bank for International Settlements.

New currency – Statements by V. Putin

According to the Russian president, experts are currently working to create a reliable system of international payments. The countries of the organization can be connected to the Russian financial messaging system, which, together with the further distribution of the Mir card, will help strengthen the financial base of the BRICS.

In this context, the Russian leader stressed that Russia’s trade turnover with the “five” countries in the first quarter of 2022 increased by more than a third, reaching $ 45 billion.

The New World Order Agenda is commencing…

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