IMF pushes Chinese currency "yuan" against US dollar,

IMF pushes Chinese currency "yuan" against US dollar, The bad days of the dollar have come to an end

 IMF pushes Chinese currency against the US dollar, dollar's bad days begin, according to rebel TV World Financial Organization IMF has opened Chinese currency yuan to the US dollar with the US dollar. Is,

According to Current Trend News, the global financial institution has given a green signal in this regard, the IMF says it is trying to make sure that if the world wants to convert its local currency from a small currency to a business. Change


The fear of Chinese economic superiority over the United States has increased since the decision, and on the other hand, the IMF's decision is expected by US authorities to respond quickly.

Remember that China has previously signed a "currency swap" agreement with forty-five countries. This means that these countries can trade in each other's currency. China and Pakistan also signed the agreement in 2012. When the C-Pack project began, the volume of trade between China and Pakistan saw a significant increase and it was decided that China-Pakistan trade should be replaced by dollars. It will be in the yuan.

China imports $ 1.8 billion worth of goods from Pakistan, while Pakistan imports about $ 11 billion worth of goods from China, the government was wondering how to bridge this gap. Now the trade settlement between the two countries will be in the yuan. ”Hasan says that if Pakistan borrowed from China, it might be possible to borrow in dollars instead of dollars and it is possible that in the future, Pakistan will receive euro bonds in Europe. Instead of introducing yuan bonds into Hong Kong and using that money for 'trade settlement'.

In the future, the demand for the dollar will decrease in Pakistan. He said, "China and Russia also trade in yuan. Forty to fifty percent of the trade is currently in yuan. Over time, trade is shifting to the yuan and therefore the demand for the dollar globally has decreased. "

The Chinese currency is now counted in the 'International Reserve Currency'. The IMF had previously counted the British Pound, Japanese Yen, US Dollar, and Euro in this category, but now the yuan has been included. According to sources, countries that were facing economic pressure due to the dollar can now trade in Chinese currency yuan.