Sponsored Content
« Ready for Boycotts? (chad) | Main | 30 Days [ArthurK] »
November 24, 2010

Russia/China Dump Dollar in Bilateral Trade (Ben)

China Daily is reporting that China and Russia have agreed to trade in their respective currencies, the dumpling and potato vodka, rather than using the dollar.

The two countries were accustomed to using other currencies, especially the dollar, for bilateral trade. Since the financial crisis, however, high-ranking officials on both sides began to explore other possibilities.

The yuan has now started trading against the Russian rouble in the Chinese interbank market, while the renminbi will soon be allowed to trade against the rouble in Russia, Putin said.

Should we expect to see more of this in the future? On the upside, at least Rusian Khlav Kalash vendor's will be able to accept yuans when China invades Siberia for its natual resources. No bowl, only stick.

Update

Just a trial balloon? Thanks to ahem in the comments


digg this
posted by Open Blogger at 09:57 AM

| Access Comments




Recent Comments
Tonypete: "Three and a half minutes of nothing but F-bombs... ..."

"Perfessor" Squirrel: ""Every F word in Pulp Fiction https://tinyurl.com ..."

Legally Sufficient: "Legally Sufficient Jimmy Buffet needs to write ..."

jewells45 fuck cancer: "Good evening. Started watching a movie but it sti ..."

NaCly Dog (u82oZ): "Have a great night, everyone. Only 6 more weeks ..."

Bulgaroctonus : "Boobs! ..."

MLK Blvd: "Tonight's segment: 10 of the World's Most Dangerou ..."

NaCly Dog (u82oZ): "Legally Sufficient Jimmy Buffet needs to write ..."

davidt: " "Every F word in Pulp Fiction https://tinyurl.c ..."

Legally Sufficient: "Thanks for the dandy ONT, Mis Hum! Great joke! ..."

NaCly Dog (u82oZ): ""Perfessor" Squirrel Careful. CBD is a great ..."

NaCly Dog (u82oZ): "IHOP just got more popular. ..."

Recent Entries
Search


Polls! Polls! Polls!
Frequently Asked Questions
The (Almost) Complete Paul Anka Integrity Kick
Top Top Tens
Greatest Hitjobs

The Ace of Spades HQ Sex-for-Money Skankathon
A D&D Guide to the Democratic Candidates
Margaret Cho: Just Not Funny
More Margaret Cho Abuse
Margaret Cho: Still Not Funny
Iraqi Prisoner Claims He Was Raped... By Woman
Wonkette Announces "Morning Zoo" Format
John Kerry's "Plan" Causes Surrender of Moqtada al-Sadr's Militia
World Muslim Leaders Apologize for Nick Berg's Beheading
Michael Moore Goes on Lunchtime Manhattan Death-Spree
Milestone: Oliver Willis Posts 400th "Fake News Article" Referencing Britney Spears
Liberal Economists Rue a "New Decade of Greed"
Artificial Insouciance: Maureen Dowd's Word Processor Revolts Against Her Numbing Imbecility
Intelligence Officials Eye Blogs for Tips
They Done Found Us Out, Cletus: Intrepid Internet Detective Figures Out Our Master Plan
Shock: Josh Marshall Almost Mentions Sarin Discovery in Iraq
Leather-Clad Biker Freaks Terrorize Australian Town
When Clinton Was President, Torture Was Cool
What Wonkette Means When She Explains What Tina Brown Means
Wonkette's Stand-Up Act
Wankette HQ Gay-Rumors Du Jour
Here's What's Bugging Me: Goose and Slider
My Own Micah Wright Style Confession of Dishonesty
Outraged "Conservatives" React to the FMA
An On-Line Impression of Dennis Miller Having Sex with a Kodiak Bear
The Story the Rightwing Media Refuses to Report!
Our Lunch with David "Glengarry Glen Ross" Mamet
The House of Love: Paul Krugman
A Michael Moore Mystery (TM)
The Dowd-O-Matic!
Liberal Consistency and Other Myths
Kepler's Laws of Liberal Media Bias
John Kerry-- The Splunge! Candidate
"Divisive" Politics & "Attacks on Patriotism" (very long)
The Donkey ("The Raven" parody)
Powered by
Movable Type 2.64