De-DOLLARization world-wide

Enrico Ivanov ‏ @Russ_Warrior · 49 min.
#Russia De-Dollarizes Deeper: Shifts $100 Billion To Yuan, Yen, And Euro

https://www.zerohedge.com/news/2019-01-10/russia-de-dollarizes-deeper-shifts-100-billion-yuan-yen-and-euro

Italy's Economy and Finance Minister Giovanni Tria will have meetings with Russia's central bank governor and with the Russian finance minister, who is also holding the position of first deputy prime minister, during a visit to Moscow next week.

the sides will exchange views on various issues such as Russian and Italian fiscal and tax policies, the dedollarization of settlements in mutual trade,

http://www.interfax.com/newsinf.asp?id=880068

Charlotte Gracias
@CMAGracias
7 hod.
#Russia slowly ditching the #dollar
#Russia’s #yuan share at about ten times the average for global central banks, with its total holdings of the currency accounting for about a quarter of world reserves in yuan..

https://www.bloomberg.com/news/articles/2019-01-09/russia-boosted-yuan-euro-holdings-as-it-dumped-dollars-in-2018

Russia and Iran discussing accelerating transfer to settlements in national currencies - Lavrov http://sptnkne.ws/k4kj

VTB FINDS NEW 'BASEL III' SOLUTION, SUGGESTS THAT INTERNATIONAL RATINGS BE REPLACED WITH RUSSIAN RATINGS - KOSTIN
govt agencies agree
Interfax

The Spectator Index
@spectatorindex

Largest economies in the world, 2050.

1. China
2. India
3. US
4. Indonesia
5. Brazil
6. Mexico
7. Japan
8. Russia
9. Nigeria
10. Germany

(PWC, GDP PPP figures

https://www.instagram.com/p/BllOZ2wl50S/

Europe is fucked.

Beijing will not significantly reduce its investment in US government bonds, China Securities Regulatory Commission's Fang Xinghai told the World Economic Forum. "China will continue to be a savings surplus country for some time, though the saving is declining. We have to invest abroad, and the US government bond market turns out to be a good place to invest"

given the fact that the US dollar "remains strong and could even appreciate against others in which liquid debt instruments are denominated"


"Until China proves that foreign investors are welcome inside their borders (coming and going) and reaches a trade and operating deal with the United States, our nations will be joined at the hip in the US government debt market", Ortel emphasised, reiterating that "a rush out of US Treasury Debt by China is a low probability scenario".


https://sputniknews.com/analysis/201901251071794274-china-us-government-bonds/?utm_source=https://t.co/KlWXVqZRJs&utm_medium=short_url&utm_content=k8kH&utm_campaign=URL_shortening

FRANCE'S LE DRIAN SAYS SPECIAL PURPOSE VEHICLE FOR IRAN SHOULD BE IN PLACE IN COMING DAYS
The UK, France and Germany are set to announce the establishment of a financial mechanism to help their businesses trade with Iran

US threatens EU with punishment over possible Iran sanctions evasion - report https://sptnkne.ws/k9s4

U.S. SANCTIONS ON VENEZUELA COMPLETELY UNDERMINE CONFIDENCE IN INT'L FINANCIAL SYSTEM DOMINATED BY U.S. DOLLAR - LAVROV
LAVROV: U.S.' FREEZE OF ASSETS OF OTHER COUNTRIES USUALLY ENDS WITH CONFISCATION
U.S. SANCTIONS ON VENEZUELA CONTINUE LINE TOWARD UNDISGUISED INTERFERENCE IN ITS INTERNAL AFFAIRS - PESKOV
Interfax

Berlin shares Russia's course on de-dollarization - Buchele
Some 1,300 German companies left Russia in 5 years, main actors remained – Buchele
Berlin views threat of additional U.S. sanctions as main impediment to investing in Russia
Interfax

Syria, #Iran agree to ditch dollar in bilateral transactions http://sptnkne.ws/kAxs

Press TV
@PressTV
#Syria, #Iran set up non-dollar payment channel

Venezuela must get rid of 'dollar blackmail', #Maduro says http://sptnkne.ws/kA9G

Anonymous wrote:Syria, #Iran agree to ditch dollar in bilateral transactions http://sptnkne.ws/kAxs

Talos wrote:

Press TV
@PressTV
#Syria, #Iran set up non-dollar payment channel

Al-Masdar News
@TheArabSource
15 min.
#Syria and #Iran agree to ditch dollar in order to fight sanctions

https://www.almasdarnews.com/article/syria-and-iran-agree-to-ditch-dollar-in-order-to-fight-sanctions/

Gazprom mandates GPB, JP Morgan, Banca IMI, CA CIB, Mizuho, RenCap, SMBC Nikko, VTB Capital for USD bond offering - source
Interfax

What de-dollarization?

Central banks bought last year the most #gold in 47 years, with 651.5 tonnes (74% higher y-o-y). This is the highest level of annual net purchases since the suspension of dollar convertibility into gold in 1971 (Nixon)
https://twitter.com/JavierBlas/status/1090866589950492673

RYABKOV: U.S. HAS TAKEN COURSE AT ECONOMICALLY EXHAUSTING RUSSIA THROUGH ARMS RACE
Interfax

well, de-dollarize your economy even quicker duh

Iran, Russia to Abandon Dollar, Trade in National Currencies

https://www.telesurenglish.net/news/Iran-Russia-to-Abandon-Dollar-Trade-in-National-Currencies-20190205-0015.html

2/2/2019

Russia bought the shares of its companies from Western owners.
On the basis of Putin's statement that the Russian-speaking population in Ukraine is going to decline, shares on the stock exchange have declined, and the Russian National Bank has been surprisingly not doing anything against it. Putin waited for a week. He only smiled at the press.
When the ruble fell below a certain limit, Putin gave the order to sharply buy all the shares of Russian companies from US and West European owners on the stock exchange for cheap money. So before the financial "sharks of the West" recovered that they had had them like fools, it was already in the mud. Russia has not only earned more than $ 20 billion, but also returned shares to Russian companies. From now on, oil and gas profits will not go abroad, but remain in Russia, the ruble itself began to rise without saving it from the reserves stored in gold.
http://infokuryr.cz/news.php?extend.23852

Venezuela's PDVSA shifts oil ventures' accounts to Russia's Gazprombank — media http://tass.com/economy/1043998

Russia’s Gazprombank rejects report on Venezuelan oil giant’s new accounts: http://tass.com/economy/1044015

Kobylkin: U.S. should not lay ambitious plans, they will not be able to stop industrial growth in other countries
Interfax

US using choppers to transport Syrian gold stashed by #Daesh, reports say http://sptnkne.ws/kHYR

Deputy Chairman of the Russian Central Bank Vladimir Chistyukhin believes that forex services, despite the fact that they are legally regulated, are similar to pyramid schemes, as most users of these services lose money, … Statistics shows that no matter what kind of foresight you have, and no matter how well you understand the financial market, your account would reach zero. Some people might leave, having earned a little, but the majority are losing money," Chistyukhin said.
http://tass.com/economy/1045780

Zimbabwe introduces new currency, scraps US dollar equated bond notes - reports http://sptnkne.ws/kKJW

Slovák wrote:Zimbabwe introduces new currency, scraps US dollar equated bond notes - reports http://sptnkne.ws/kKJW

Wow. Also they ordered foreign companies to pay $20 billion in taxes recently....

India, Japan activate $75 billion currency swap agreement https://sptnkne.ws/kPKj

Russia's Sberbank intends to accelerate currency payments in China, and in order to achieve it, plans to join the Chinese banking payment system,

More:
http://tass.com/economy/1046848