LAST DOLLAR IN THE EAST On June 1, 2014 , China and Japan begin direct exchange of their currencies without prior conversion to U.S. dollars . Earlier on the same agreed to Moscow and Beijing . Such actions will lead to the weakening of the dollar as a world currency . Exchange Japanese yen and the Chinese yuan will be back in the currency markets of Tokyo and Shanghai . Previously, this was done by taking into account exchange rates against the dollar , but now goes directly exchange . This will avoid potential problems associated with fluctuations in the quotations of U.S. currency on the world market . The decision to phase out the dollar as an intermediary currency was taken during a visit to Beijing Japanese Prime Minister Yoshihiko Noda . Previously reported that in commercial transactions between Russia and China is also no longer be used U.S. currency . Such an agreement was signed by VTB and Bank of China . Instead dollar Russia and China in mutual settlements will use the ruble and the yuan. Analysts point out that the desire to weaken the dollar is closely linked with the growing geopolitical ambitions of China. China sees the dominance of the dollar in international transactions vestiges of American global dominance, which they hope in the future to overthrow - said the expert on peace and security research Hemprshirskogo College ..
Posted on: Tue, 03 Jun 2014 10:54:38 +0000
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