Autumn and Winter Check-in Challenge This year's China-Russia ** settlement has finally completely gotten rid of third-country currencies, which is a good thing for China and Russia. Russia has gotten rid of Western sanctions, and China has successfully promoted the internationalization of the renminbi, which is a completely win-win situation. The currency exchange agreement signed by the two countries also played a real role.
Since Argentine Millet came to power, his official operation has been less than 10 days, and the voices demanding Milley have been rising wave after wave. The shock caused Argentina's to swell rapidly and the peso to depreciate rapidly. Within ten days, the Argentine peso fell from $400 to $800 against the dollar, and counting. Milley issued another executive order declaring a state of emergency in Argentina's energy sector. This means that Milley will ** Argentina's energy subsidies, Argentina's electricity prices and gas ** will immediately take a huge leap, and countless people will not be able to pay their electricity and gas bills. Milley's aim is to prove to the IMF and other international creditors that he is strictly enforcing fiscal austerity to get more loans to pay off the dollar debt he owes. Therefore, the local currency exchange agreement between China and Argentina naturally became his target.
The China-Argentina currency exchange agreement is like the exchange of credit cards between the two countries, and the credit card credit limit given by China is 130 billion yuan, and Argentina can use this card to buy various goods in China. The credit limit for credit cards in Argentina to China is 45 trillion, which can buy ore and grain. The current situation is that the card given by China to Argentina can be consumed normally, but the card given by Argentina to China cannot buy grain and ore, because Argentine enterprises now only accept US dollars, not pesos. Under Milley's shock**, China will suffer huge losses, and Milley has asked China to increase the credit card limit so that he can cash out the card given by China and pay off Argentina's debt to the United States.
In fact, Argentina also did this during the administration of Fernández, when Sino-Arab relations were very good, and Argentina also planned to buy a batch of Snapdragon fighters. It was really difficult for Argentina at that time, and the credit cards received by China could still be used normally, but as soon as Milan came to power, they made anti-China remarks everywhere, directly changing the purchase of Snapdragon to the purchase of F16, and depreciating the Argentine peso into waste paper with shock**, so that the credit card in China's hand became a waste card. Milan also wants to use Chinese money to help Argentina pay off its debts.
Argentina** suddenly discovered that China had frozen the local currency exchange agreement between the two countries, which was a warning to Milley and a reminder.