AsiaEconomy / Finance

China to Launch New Currency Swap Program with Developing Countries

0

BRICS: China Makes Major Financial Announcement BRICS member China made a huge financial announcement last week indicating that they are launching a new currency swap program with developing countries. The currency swap allows the Central Banks of developing countries to sign an agreement with China that would facilitate trade in local currencies. Central Banks can swap their local currencies for trade with China and save millions in exchange rates. The US dollar will play no role in the currency swap agreement making local currencies the centerpiece of all transactions. The move comes in line with the BRICS alliance looking to…

This content is for Q17c Membership, Classified Membership, and LifeTime Patriot Membership members only.
Join Now
Already a member? Log in here
QNavy
QNavy is a pool of 3 former Navy Officers, U.S. Navy & French Navy, who served proudly their countries, specialized in conflict analysis as per their respective skills & experience on Special Ops. #NavyVetUnited

04/09/24: Press Briefing by Press Secretary Karine Jean-Pierre and Jake Sullivan

Previous article

[UPDATE-Day 187-Apr 10-21:00Z] Israel-Hamas War, The Iran Threat: Real Time Reaction and Analysis

Next article

You may also like

Comments

Comments are closed.

More in Asia