China and Russia will deliver one more fatal blow on Monday, 29th December 2014; it is said in the article of the edition Zero Hedge. China starts trade yuan-ruble on Monday.
The world is not hurrying to admit new reality, in which Chine has been today sole master of IMF de-facto, it was the description of the situation by the edition Zero Hedge two weeks ago, and they wrote that China would help to Russia.
We pointed out that People’s Bank of China offered to use swap-currency, which had to decrease the role of dollar of the USA. In case if China and Russia will need mutual aid to overcome crisis of liquidity.
(The agreement foresees the swap in CNY150 billion in local currencies. Everything has happened in fact this week. Bloomberg reported that ‘China offers to Russia in terms of currency swap’.
To secure Russia from turning off from SWIFT-world entirely, in which dollar rules was urgent one additional step.
And this stem was made; it was the start of direct trade FX with participation of Russian and Chinese currencies.
It is not surprisingly that exactly what was necessary was made; the start of the trade is on Monday, 29th December 2014 year.
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