Israel dumps the US dollar and Euro for the Chinese Yuan | |
Qat
User ID: 83398468 Israel 05/24/2022 08:40 AM Report Abusive Post Report Copyright Violation | |
Mother Maggie
User ID: 83070717 United States 05/24/2022 08:42 AM Report Abusive Post Report Copyright Violation | China is Israel’s third-largest trading partner. In 2021, China surpassed the U.S. as Israel’s largest source of imports at $10.7 billion that year, up from $7.7 billion the year before. In April, Israel added the Chinese yuan to its central bank reserves for the first time while trimming U.S. dollar and euro holdings in an attempt to diversify its foreign reserves. A free trade agreement, which has been in discussion for several years, is expected to go into effect by the end of this year. Quoting: luke the duke Published May 20, 2022 [link to supchina.com (secure)] and the yuan is gold backed .. part of the new system.. wise move Yea though I walk thru the valley of gross inability to recognize the absurd ..lies...propaganda and dark shits... I will fear it all NOT.. for THOU ART WITH ME. AND JESUS SAID ON THE CROSS.. FORGIVE THEM FATHER.. THEY KNOW NOT WHAT THEY DO |
Shaun Kaven
User ID: 77543527 Panama 05/24/2022 08:45 AM Report Abusive Post Report Copyright Violation | Find the original Bloomberg article. They’re not “dumping the dollar”, they’re actually dumping the euro. They hold a basket of currencies and yeah they’re adding the yuan - mostly at the euro’s expense. Their dollar holdings will go from 66% to 61%, but they’re dumping most of their euro. What you should get out of this is that Europe is screwed. Like I told my ex-wife, I said: honey, I never drive faster than I can see. Besides that, it’s all in the reflexes… |
Anonymous Coward User ID: 6581260 United States 05/24/2022 08:56 AM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 75880718 United States 05/24/2022 09:00 AM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 82805640 United States 05/24/2022 09:01 AM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 83401167 Croatia 05/24/2022 09:11 AM Report Abusive Post Report Copyright Violation | They diversified their holdings to reflect their trade balance. Big deal. The dollar is doing fine. Don’t worry Tards! Ride the Purple Pony! Quoting: Anonymous Coward 82101624 :rere23: Its not bad as title or majority of posts. They moved around between 5-10% holdings (judging by that graph in video). Not really unexpected after all printing. Tho Yuan is even shittier and more abstract then dollar. |
Anonymous Coward User ID: 82519022 United States 05/30/2022 11:06 AM Report Abusive Post Report Copyright Violation | |