A heavy blow to the US dollar hegemony!The trade between India and Russia has paid it with RMB

Author: Battle Law Express

According to Reuters, the largest cement manufacturer Superko Group, India, purchased a coal worth about 172 million yuan from Russia's Siberian coal energy company. The transaction was paid in RMB. Reuters commented in the report that India and Russia traded RMB in order to avoid the various sanctions that Russia suffered in the international financial market after the Russian and Ukraine conflict. This approach also promoted the internationalization process of the RMB and shook the US dollar Rule of dominance in global trade. "This measure is of great significance. In my 25 -year career, I never heard that some Indian entities paid international trade orders with RMB. Society.

The situation of paying to countries outside China is still very rare in the past. It can be said that the Russian -Ukraine conflict has promoted the emergence of this situation, and it is likely to become more in the future. Because Russia has received the strictest financial sanctions in the West, the settlement transactions of rubles and US dollars have become extremely inconvenient. At this time, Russia seeks third -party currency to help them complete international trade activities. It is inevitable. In the context of Western collective suppression of Russia, there are not many options for Russia, and RMB is almost its only option. After all, the relationship between China and Russia has reached the highest history. In recent years, it has been firm internationally, and it has already gone towards internationalization. The most important thing is that the RMB exchanges for the US dollar is still unblocked.

The US dollar's financial hegemony is undoubtedly exposed in the Russian -Ukraine conflict. And the United States and Western countries do not talk about any international rules and rules at all, as long as they are hostile to them. Then they use everything to seize your wealth. This is how Russia's foreign exchange reserves were swept away, and their overseas assets were fully frozen by Western countries in the United States. Such a means, let the world see the shame and greed of the West, and let the world deeply realize that although the West has stopped conquering and exploiting the world with airplane artillery, it still uses more secret methods to plunder the worlds from all over the world. Interests. Today, the United States and Western countries can use this trick to deal with Russia, and tomorrow it can use it to deal with any country.

Therefore, most of the capable powers have seen the essence of the American robber, and they are also actively building a trading system for their own currencies. Needless to say, Russia has to be forced to go to the Malda settlement method, and now it should be added with a RMB settlement method. India has also hoped to establish a trading system for paying payment with the Indian rupee. China is constantly promoting the internationalization of RMB. In recent years, China has established a stable trade cooperative relationship with many countries. As of May this year, more than 70 countries and regions around the world have included RMB in foreign exchange reserves. According to the Global Bank Financial Telecommunications Association (SWIFT) report, in December 2021, the RMB international payment share reached 2.7%, ranking fourth in the world, and the RMB exceeded the yen (2.58%in the international market).

India and Russia have also begun to use RMB for trade settlement. This is naturally a good start. Subsequent Russia and India will probably use RMB settlement in large areas. This is undoubtedly a good news for the renminbi to move towards nationalization. If the three currency trading systems of the "RMB-Indian Russia-Russia" can be constructed in the future, the process of internationalization of the RMB will take an important step. Because once the three currency trading systems of the three currencies of China, India, Russia, are established, it is equivalent to tearing a bleeding in the context of the US dollar rule. Most of the international trade in the world uses US dollars. Suddenly there are three major powers, nearly half of the world's area and population, and the stove is started. The hegemony of the dollar can be described as a heavy blow, which is almost the root of digging the US dollar hegemony.

Imagine that there are fewer and fewer US dollars in international trade, so how can the United States still use the US dollar to control the world financial economy and how to maintain the US economic hegemony. Therefore, the process of RMB towards internationalization must be full of bumps, and the United States jumps out to make bad. In fact, the three countries of the three currencies of China, India and Russia are actually intended to engage in the three countries, but they cannot be promoted, and there are American interference and provoking separation behind the United States. However, no matter how the United States suppresss, the trend of RMB towards internationalization is unstoppable. This is decided by the continuous improvement of China's comprehensive national strength. After all, my country is already the world's largest trade exporter. Made in China all over the world and more and more business with China. Therefore, the use rate of RMB in international settlement is naturally. Higher and higher. One day, we will establish a RMB international payment settlement system and break through the hegemony of the US dollar.

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