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Russia and China: The Dawning of a New Monetary System?

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Russia and China: The Dawning of a New Monetary System?

By Peter Koenig

January 10, 2015 “ICH” – The statement by Chinese Foreign Minister Wang Yi on 22 December 2014:  “If the Russian side needs it, we will provide necessary assistance within our capacity” – is a clear testimony that Russia and China have entered into an economic alliance which will be stronger than the incessant ruble and petrol devaluation manipulations by Washington, aided by the European puppets. 

China, leading member of the BRICS, is lining up the bloc of the BRICS and that of the SCO – and their currencies – to support Russia in need. Currency swaps between Russia (ruble) and China (yuan) for an initial US$ 25 billion equivalent have already been implemented, to allow direct transactions between the two countries. Similar swaps…

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