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A Member of the Presidium of the Economic Council under the President of the Russian Federation, the Rector of the Russian Academy of National Economy and Public Administration under the President of the Russian Federation, Vladimir Mau, spoke …
The main issue of the economic discussion of Russian experts at the forum is conditions of launching a new mechanism of growth
The People's Bank of China lowered the yuan rate to 6.42 per dollar, which is the lowest level in four years. It is the second record-breaking drop in the Chinese currency in the last two days. The IMF has …
The Russian Central Bank has included the Chinese yuan in the list of the currencies used for investments of gold and foreign exchange reserves, however in the near future it does not plan to make operations on purchase of the assets nominated in …
The Chinese International Payment System (CIPS) has officially begun its operations. A transaction from China to Luxembourg for Sweden's IKEA company was the first operation Experts believe that the CIPS will help integrate the yuan into ...
The head of the Finance and Economics Institute of Contemporary Development, Nikita Maslennikov, believes that China's policy of devaluation has sparked a new currency trend in the countries of Southeast and Central Asia. …
The chairman of the board of the National Currency Association (NCA), Dmitry Piskulov, spoke about the factors influencing the decline of the ruble. The analyst considers that one of the main reasons is the reduction of the Russian economy. …
A member of the 5th meeting of the Expert Club ‘Vision of Eurasian integration in the light of changing geopolitical problems,’ adviser at the Research Institute ‘Public Opinion', Kaukenov Adil, believes that the crisis …
Nikita Maslennikov: “The devaluation has given a signal to everyone: it is better to link with fixed rates”
Experts don’t rule out exchange restrictions
The territory of the former Soviet Union and Asian countries may suffer the most because of the problems of the Russian ruble and the depreciation of the Chinese yuan, Bloomberg says. "While Azerbaijan and Georgia have …
This morning, the dollar increased by 0.75 rubles and was worth 65.03 rubles, the euro rose 1.02 rubles and was worth 72.07 rubles at the Moscow Exchange. The euro rose above 72 rubles for the first time since February 24, and the dollar rose …
The devaluation of the yuan will not have a direct impact on the Russian ruble and financial markets, the Russian Central Bank said. "The decision of the Chinese authorities will not have a strong impact on the Russian market …
The Chinese government provided an urgent humanitarian aid in the amount of 10 million yuan ( $1.6 million) to Tajikistan. "The Ministry of Commerce of China is organizing assistance of humanitarian aid and will continue to follow …
The communist idea, nationalism by Sun Yat-sen, and Confucianism
Russia becomes one of the most popular destinations for Chinese tourists
Interview by Vladimir Nesterov. Exclusively to Vestnik Kavkaza
CounterPunch has released an article accusing the U.S. of global warmongering to protect the national currency. The article says that the U.S. needs to use all possible means, including war, to protect the dollar's status. Russia and China proposed the idea of forming a neutral currency called Special Drawing Rights, an IMF imitation, the authors of the article point out. So far, the BRICS states have not adopted any currency analogical to the dollar. The idea of making the yuan the regional currency of Asia and the Eurasian Economic Union remains an unrealized fantasy, despite its popularization, RIA Novosti cites CounterPunch.
The State Oil Fund of Azerbaijan (SOFAZ) is considering the issue of including the Chinese yuan in SOFAZ’s currency basket, the head of SOFAZ Shahmar Movsumov said. He said that all SOFAZ’s assets, including the investment portfolio, are in foreign currencies.
It may substitute the American currency with the yuan
