Moscow (AsiaNews / Agencies) - China and Russia to participate Thursday in Dushanbe (Tajikistan) to the 9th meeting of prime ministers of the countries of Shanghai Cooperation Organisation (SCO ), for cooperation on security and the economy in Central Asia. Meanwhile, Moscow and Beijing have decided to carry out trade in their currency (ruble and yuan) instead of U.S. dollars as far.
Sco countries (Russia, China, Tajikistan, Kyrgyzstan, Kazakhstan and Uzbekistan) are in agreement in increasing cooperation in the region against terrorism and extremism, especially of a religious nature, as they reiterated the Secretary-General Sco Muratbek Imanaliev. China seeks help in neighboring countries especially against the East Turkistan Islamic Movement for, whom he accuses of terrorism in Xinjiang. Moreover, the SCO
, founded as security cooperation, is becoming ever more the character of the ideal forum for economic cooperation, even between the Central Asian states. Various other countries like India and Iran, from time attending the meetings in anticipation of a possible entry into their group. Chinese Premier Wen Jiabao met with Tajik President Emomali Rahmon to decide more reports for trade, electricity, transport, minerals and surveillance of the border.
Premier China has also proposed to establish a Development Bank of Sco , which should take care of investments and benefits, so as to strengthen and facilitate trade agreements. This bank would in fact even more weight and convertibility of the currencies of respective countries. In recent days
Wen, who is visiting Russia, and Russian Prime Minister Vladimir Putin announced that the two countries conduct trade in their currencies rather than U.S. dollar. For decades the dollar was the currency of the world, while the ruble and the yuan was little used because they are not allowed to trade internationally and with exchange rates set by governments so as not corresponding to rules market.
After the global financial crisis and the sharp losses in the dollar, experience alternative states.
Putin said the agreement "reflects the consolidation of the financial systems of both countries." Even if these currencies are still exempted from the laws of the market, however, Moscow and Beijing are now trading partners and important areas. From 22 November, the ruble is traded against the Chinese yuan in the interbank market in December and the same will be made possible in Russia. The two countries also want to work together to recruit more international weight, even to the detriment of the United States, with their currencies to the dollar as an alternative.
Next to this agreement are were agreements between Russian and Chinese companies worth $ 8.5 billion. In 2008, bilateral trade was 55 billion dollars, but the crisis has made them fall to 39.5 billion in 2009. -
Source: Asianews
As I had occasion to point out in the previous article about the possibility of revocation of the American Empire, after the bilateral agreements between Russia and China, which probably will be the forerunner to a series linked to agreements between the countries of BRIC, we are witnessing a reduction of the global superpower of the dollar, putting even serious doubts about the soundness of U.S. debt, which probaabilmente, will be repudiated, because its interpretation that emerges from the events of geopolitical instability, the holders of sovereign American, mostly in the hands of China, Japan and Russia will no longer be willing to buy U.S. treasury bonds, following the monetary policy decision Fed's inflazzionare the whole world to dilute all its debts, thereby making waste paper currency reserves holders in those countries.
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