Russia-China bond market play could kick-start new dollarless financial system | WHAT REALLY HAPPENED


Russia-China bond market play could kick-start new dollarless financial system

The Moscow stock exchange will soon issue nearly $1 billion-worth of yuan-denominated bonds. It could become the start of a new financial system not based on the US dollar, analysts say.

Russia will issue the 6 billion yuan (about $900 million) bonds with a five-year maturity in December or January. The Central Bank says it is testing the water for future investments.

Webmaster's Commentary: 

"Nuke em! Nuke em! Nuke em!!!" -- Official White Horse Souse

Comments

SHARE THIS ARTICLE WITH YOUR SOCIAL MEDIA