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A comment on Russian firms rush to open Chinese bank accounts. Parent comment

Re:Russian firms rush to open Chinese bank accounts by wbsss4412 on Monday March 07, 2022 @05:04PM (#30593922)
Define “super short term”?

1 year? 5 years? 10?

Your comment amounts to “yuan appreciation against the dollar is a sure thing”. Which in finance seems like a suspect statement.

[ Parent | on HN ]
Re:Russian firms rush to open Chinese bank accounts by beaunative on Sunday March 20, 2022 @10:50PM (#30749586)
If you set USD as the base currency then there is going to be exchange, as such there will be fluctuations, so yes. Yet there is risk just holding on to USD as well, perhaps it wasn't so evident because you consider USD as the default.
[ Parent | on HN ]