RUSSIA AND CHINA TALK JOINING FORCES TO SHAKE DOLLAR’S DOMINANCE

Russia and China could join forces in linking their national payment systems, to rival Western alternatives, Russian Prime Minister Dmitry Medvedev said. Underlining the success of China’s Unionpay system and Beijing’s efforts to internationalize its currency, Medvedev told in Beijing that Russia was developing its own payment system, known as Karta Mir. “At the moment it is being discussed whether Karta Mir should be linked to Chinese payment systems in some way,” Source Newsweek


GEFIRA provides in-depth and comprehensive analysis of and valuable insight into current events that investors, financial planners and politicians need to know to anticipate the world of tomorrow; it is intended for professional and non-professional readers.

Yearly subscription: 10 issues for €225/$250
Renewal: €160/$175

The Gefira bulletin is available in ENGLISH, GERMAN and SPANISH.

 
Menu
More