Unprecedented economic deal: India-Russia trade in Chinese Yuan – They threw the dollar & strengthen the Chinese currency! – WarNews247.

https://warnews247.gr/ektakto-megali-symfonia-xekinisan-synallages-indias-rosias-se-kineziko-gouan-petaxan-ektos-to-dolario-enischyoun-to-kineziko-nomisma/

A major Russia-India-China trade and economic agreement is being implemented as the three countries appear to have agreed to bypass the dollar. India for the first time pays for a shipment of Russian coal using Chinese yuan!

In addition to the dollar and the US being hit hard by a large economy, India is also supporting the Chinese currency! It remains to be seen whether this could lead to another major agreement between the BRICS countries.

The event will not be the only one. Other Indian companies have reportedly already ordered Russian coal with payment in Chinese yuan.

The central bank of Brazil quadruples the yuan reserve

At the same time, the central bank of Brazil quadrupled its foreign reserves in Chinese yuan and reduced its reserves in dollars.

Latin American countries have invested nearly $ 30 billion in yuan assets over the past five years, according to Goldman Sachs Group Inc.

The change underscores the growing economic importance of China for Brazil, which accounts for 28% of world trade, more than double the size of the United States, its next largest trading partner, according to the World Bank.”


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