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Israel dumps the US dollar and Euro for the Chinese Yuan

 
Qat

User ID: 83398468
Israel
05/24/2022 08:40 AM
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Re: Israel dumps the US dollar and Euro for the Chinese Yuan
Does this mean we have to convert dollars to yuan before we send them billions in protection money?
 Quoting: Anonymous Coward 35128701

"Send them billions" on the condition that they US weapons. Such "generosity". Your politicians don't have the balls to stop the gravy train. Too bad.
Mother Maggie

User ID: 83070717
United States
05/24/2022 08:42 AM
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Re: Israel dumps the US dollar and Euro for the Chinese Yuan
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.

Published May 20, 2022

[link to supchina.com (secure)]
 Quoting: luke the duke


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

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Re: Israel dumps the US dollar and Euro for the Chinese Yuan
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
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Re: Israel dumps the US dollar and Euro for the Chinese Yuan
about time or politicians start getting paid in yuan.
Anonymous Coward
User ID: 75880718
United States
05/24/2022 09:00 AM
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Re: Israel dumps the US dollar and Euro for the Chinese Yuan
Parasites.
 Quoting: Anonymous Coward 77938076


It's what they are.
Anonymous Coward
User ID: 82805640
United States
05/24/2022 09:01 AM
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Re: Israel dumps the US dollar and Euro for the Chinese Yuan

 Quoting: Anonymous Coward 79729929


specialstupid
Anonymous Coward
User ID: 83401167
Croatia
05/24/2022 09:11 AM
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Re: Israel dumps the US dollar and Euro for the Chinese Yuan
They diversified their holdings to reflect their trade balance. Big deal. The dollar is doing fine. Don’t worry Tards! Ride the Purple Pony!
:rere23:
 Quoting: Anonymous Coward 82101624


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
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Re: Israel dumps the US dollar and Euro for the Chinese Yuan
News flash the cabal won, you all spew hatred now, they divided and are now conquering. Amurica has been dead for some time, basically when its manufacturing shrunk by 75%

America land of the really poor or ultra wealthy, the middle class is done, done, and done
 Quoting: Anonymous Coward 3296775


hesright





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