RMB trading surpasses again! Russia reversed, Germany was confused
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The volume of RMB trading on the Moscow Exchange will grow significantly in 2023 and eventually surpass it, dominating the world's largest foreign exchange market. This suggests that Russia has completely abandoned the euro and instead invested all its money in the monetary system. Especially in the field of energy, Russia has become increasingly close to China. This decision turned Russia's economy upside down, allowing it to leapfrog Germany economically and leap to the top of Europe. What kind of miracle will happen when China and Russia join hands again?
China's share of the international market has long exceeded that of Europe and the United States, especially on a monthly basis. In 2023, though, things will be different. In the coming period, the total volume of money on Russian exchanges will account for 42% of the share, and its turnover for the whole year will be 3415 trillion rubles. At the same time, this year's currency market share is also declining, and it finally retreats from this year's championship to only 3249 trillion rubles. Over the course of the year, China's currency turnover has increased dramatically, almost doubling. In 2022, the total amount of Russian oil** reached 1025 trillion, and by 2023, the total volume of Russian oil exports will reach 3415 trillion. On the Moscow Exchange, the ratio to the euro on the currency market also dropped significantly, as Russia gradually abandoned its transactions with the . In 2022, the total exchange ratio with the euro was 87%, while in 2023, the two currencies are less than 40% and 18%, respectively.
Americans have long had an obsessive belief that its currency is the world's largest. However, after the Russia-Ukraine war, the United States expelled Russian banks from the SWIFT system and made the Russian currency, the ruble, unable to be cleared in this system. The United States had thought that such economic sanctions would affect Russia's business, but Russia shattered their confidence. Russia has not only abandoned, but is gradually abandoning some Western currencies, such as the euro and the yen, in favor of other third-party currencies, such as the ruble. However, Russia's oil deal has not been hit much. In particular, the bilateral amount of China and Russia has reached 210 billion US dollars, but all of them are not settled in US dollars, but in RMB and rubles. Russia has ordered that India will replace India's oil exports and switch to the yuan to settle Russian oil.
The most significant impact of Russia's decision to fully support monetary policy was the achievement of a 3.5 percent growth rate in 2023A significant rebound of 5%. At an official meeting, Putin noted that Russia, Europe's largest economic power, will change from Germany to its current economic power, in terms of purchasing power parity. Germany, which once followed closely behind the United States, is now being overtaken by Russia, which makes many people a little unbelievable.
The conclusion is:
In 2023, the volume of currency trading on Moscow exchanges will exceed , meaning that Russia has completely abandoned the euro in favor of using its currency as a currency. As a result, Russia's economy has turned around, surpassing Germany and leaping to the top spot in Europe. Bilateral relations between China and Russia are particularly close, with bilateral ** between the two countries reaching US$210 billion. As Russia gradually abandons Western currencies in favor of the ruble and other third-party currencies, this will have little impact on its energy deals. Russia decided to put all its money into the monetary system, allowing it to achieve a GDP growth rate of 3A strong rebound of 5% allowed Russia to leapfrog Germany to the top spot in Europe.
Biography: Seeing this scene, I realized that in the world, the renminbi is playing an increasingly important role. China's economic power and international standing are gradually surpassing those of the Western countries. Russia, with the joint efforts of China, completely abandoned the exchange rate of the West, thereby reaping huge economic benefits. This is inseparable from China's emergence as the world's second largest economy and the internationalization of the renminbi. For countries around the world, it is a practical way to strengthen their resilience and autonomy by diversifying their financial systems. I am confident enough that the renminbi will play a greater role in the world economic system.
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