“Many states tried to refuse using U.S. dollar as the world currency. All we remember what was in the end for Iraq and Libya. Even light-variant: settlements in euro were stopped at the root. Now China and Japan started this refusal.
They started the process very carefully and wisely. Both the countries are consumers of oil and gas. On this background the first settlements are in the sphere of settlements not for energy carriers but financial assets. And this market has been already diversified from the point of various currencies movement. (Let’s agree that if there is only U.S. dollar at Forex, the currency market won’t exist!) But down and Out matter is the beginning!
If this experiment brings good results and is developed by other countries maybe Russia and Ukraine will make transactions in rubles not in dollars for gas. Financial flow will be transparent as the child’s tear and the idea to withdraw it to Switzerland won’t appear. The issue with “offshores” will be solved at the basic level – the bright and pure economics!”
On the basis: www.newsru.com
Lomakin Yaroslav ( the managing partner of international consulting “Honest&Bright”)
Quickly and confidentially.
A qualified expert will give you a free consultation by telephone, help to determine the position and make an appointment at any time that suits you.
Call just now by phone: +44 203 608 22 48
E-mail us: london@hbcomp.co.uk
03/25/2024 18:25:00
Does the EU stop visa-free travel?
The European Union plans to update the mechanism that allows suspendin ...
03/20/2024 10:50:00
The 10 happiest and most unhappy countries in the world
The Sapien Labs research group has published an annual report on th ...
03/19/2024 10:35:00
Romania: new conditions for EU blue cards
On March 8, 2024, new rules governing the use of EU Blue Cards and ...