Re:Russian gas flows via Yamal pipeline to Germany halt, bid...
by neilwilson on Saturday March 05, 2022 @08:32AM
(#30567412)
China and Russia have swap arrangements.
And China uses Yuan, not Euros.
In very international trade the buyer uses the currency they have and the seller gets the currency they want. The finance system is there to make the match.
We don’t trade using pebbles. We trade using promises that are created on demand.
And China uses Yuan, not Euros.
In very international trade the buyer uses the currency they have and the seller gets the currency they want. The finance system is there to make the match.
We don’t trade using pebbles. We trade using promises that are created on demand.