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11 de septiembre de 2017

What does the sale of Venezuelan crude in currencies other than the dollar?

The petrodollar  is more important to US global domination  that the export of arms or the Hollywood culture,  because it allows the US is the largest exporter of dollar bills that everyone needs to buy oil. 
Venezuela has decided to take steps in the desdolarizarización of its economy,  to understand the implications is required to look at the geopolitical context in which this occurs.
Last August, during his visit to Crimea, Russian President  Vladimir Putin announced that  "the system of petrodollars should become history" , while  "Russia is discussing the use of national currencies in mutual agreements with several countries "  because of the sanctions policy of the West.
In recent months, China  has signed agreements with  Canada and Qatar  in the exchange of national currencies, making  Canada the first center  offshore  for the yuan in North America  and doubling (or tripling)  trade with China  in an estimated 200 000 million yuan. 
Exchanges of direct exchange between China and the newly sanctioned Qatar amount to 5 billion 700 million dollars, which has become  the basis for the use of the yuan in the Middle East markets  where there is little confidence in the dollar due to the export inflation. 
It is hoped that  other OPEC countries sign agreements with China.

China  has also promoted the establishment of a clearing house in  Kuala Lumpur,  which will promote greater use of the yuan in Southeast Asia, this less than a month after  Singapore, the main financial center of  Asia , became a center yuan exchange through direct exchange  Singapore dollar and the yuan.
Iran  has recently announced its reluctance to use US dollars in foreign trade, the president of  Kazakhstan, Nursultan Nazarbayev , has recently commissioned the National Bank  the dollarization of the economy of his country,  the  UK plans to release debts denominated in yuan  while the  Bank European Central  is discussing the possibility of including the yuan in its official reserves.
While in the real world this trend and increase inflation in the US, in the press is growing anti-Russian propaganda.

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