jewelry findings wholesale toronto Iran uses RMB to replace the US dollar. After 10 million tons of Iranian oil arrives in China, how will it develop in the future?

buy fashion jewelry wholesale online According to reports, in the process of continuously transporting Iranian oil, most financial transactions were carried out in Renminbi or euro to bypass the US dollar restrictions. In fact, this was originally a common product transaction with global economy and trade. It is obviously unfair to the United States to serve as the buyer and the seller itself, but the United States is accustomed to acting as a leading role in the global commodity transaction process. Reasonable currency abduction. Coincidentally, things have changed again.
Inly reported by the Russian media RT on July 16, the United States has decided to temporarily abandon Iran's overseas oil funds, but does not restore Iran's right to use in bank accounts in Japan and South Korea. Iranian media analysis believes that the US move is to reduce Iran's foreign exchange reserves. Because when Iran's bank accounts in Japan and South Korea cannot withdraw cash, it means that the economic and trade between Iran and Japan and South Korea cannot be received normally, and it cannot flow into Iran. The matter is far from over.
In addition to restricting related financial transactions between Iran and Japan and South Korea, according to the Russian Satellite News Agency, it quoted the Wall Street Journal on July 19, if the negotiations in the United States and Iraq failed, the United States would implement the act of selling oil to China to China More severe sanctions. A U.S. official said, "Iran's economy has few things that may be sanctioned. Iran sells oil to China, even a reward for them." However, a series of progress and changes in the global currency field show that the restrictions on the United States It seems that Iranian oil transactions are increasingly used.
The data based on RMB crude oil futures. According to data from reporters to BWC Chinese network reporters two weeks ago, as of June, RMB crude oil futures have attracted the British, Switzerland, Singapore, the UAE, Australia, Japan, Thailand At the same time, 68 international brokerage companies have launched RMB crude oil trading services. The analysis believes that this provides a basis for more oil transactions around the world.
A few months ago, a petrochemical giant in China has signed the first crude oil import agreement for RMB crude oil futures. Reuters further claims that China may start to pilot imported crude oil on large -scale RMB. Considering that the risk of inflation in the United States has increased, the purchasing power of the US dollar has continued to decline, and China has maintained the high value of the RMB. At present, the RMB pricing function has been appearing in the Asian market and the expansion of commercial activities between China and Iran. Multi -oil -producing countries provide a new currency direction, which means that the east wind of oil currency has come.
Inded as a former British central bank governor Mark Cuni, he said a few weeks ago that crude oil RMB futures provided new commodity trading currency choices. In this regard, Reuters said that this currency plan may start from Russia, Angola, and Iran. The foreign media further claims that whether it is Russia or Dubai, the challenge to the US dollar has failed, but China has successfully achieved anything in vain for others.
This, at the same time, the sovereign cryptocurrency developed by the central banks of many countries is in the ascendant, allowing more commodity transactions to avoid the restrictions of the US dollar. For example, one of the new progress and changes is that the Russian media RT quoted Digital RMB (E-CNY) White Paper on July 17 that foreign tourists no longer need to open a bank account in China for electronic payment, but can directly use digital RMB for conduct Pay. This method is more convenient than the two mobile payment processes developed by Tencent and Alibaba, because these two mobile payment must have a bank account in China to pay in China, which brings trouble for foreign tourists. Essence
and Professor Aditi Kumar of Harvard University said that in the context of the renminbi crude oil futures that have more possessions and pricing power in Asia, digital RMB may eventually make Iran and other countries more likely to bypass the previous previous. Monetary system. In fact, a few months ago, the foreign exchange website of the Iranian central bank officially announced that RMB was listed as the main foreign exchange currency to replace the US dollar foreign exchange status.
In addition, Iran has decided to reduce Rial's four zeros a few weeks ago and approve the official currency Riyar to officially change to Turkan. Sources show that Turkman will anchor the RMB exchange rate, which also means that Iran can spend less money to buy Chinese goods. In more economic and trade process with the Chinese market, it will directly obtain currency convenience. And things are far more than that.
At present, Iran has negotiated with Germany, Russia, Switzerland, France, and the United Kingdom to carry out a settlement trading system for digital currencies. The central banks of Japan, Britain, Canada, Switzerland, and the European Central Bank officially announced the establishment of a group that jointly developed cryptocurrencies a few weeks ago.
This means that the sovereign cryptocurrency is used to break the monopoly of the US dollar. Although this is something that the Fed is unwilling to see, it is happening.

victorian hand jewelry wholesale The follow -up development of the matter is that they may be resisted by other countries, and they may have some contradictions with the United States, and they may encounter the exclusion of the United States.

jewelry wholesale in atlanta ga In fact, this must have one aspect of the benefits for us, because now the overall oil price declines, which improves the happiness index of many people, especially for those trucks.