Dollar monopoly Challenge - Infopedia360

INTERNATIONAL NEWS

Russia's President Vladimir Putin's proposal to increase its use of trade in Russia and China trade matters, is the ability to reduce the severity of many difficulties in the present global economic scenario and to overcome the crisis. Putin said in a joint press briefing with Chinese counterpart Shi Jiang, Vladimir Putin in Russia's city on Tuesday, that the use of US dollars for commercial purposes would increase the use of its national currency. China and Russia's Presidents, on the occasion of an economic conference, met with the consequences of distinction in the current global economic condition. According to the Russian president, the transactions in Russia and China in its two-way trade will make the banks more stable, which provide imports and exports. It is worth mentioning that Russia has faced Ukraine's conflicts under Crimea's conflicts in Ukraine since Ukraine and a few months ago in Russia's alleged presidential interference and many other allegations, The value of the dollar decreased sharply compared to the dollar, while due to American measures for several months, the value of Chinese currency yuan was also sharply decreased.

Many other countries, including Turkey and Iran, have also been severely affected. As far as China is concerned, this stand on international economic issues has been a long time to use national currency instead of dollars in mutual trade transactions. Now President Putin, after meeting with China's President, Mr. Jiangsu, said that many countries were experiencing a significant period of time. Regarding political conflicts, US behavior is damaging the use of "global reserve currency" dollar. There is no impression of some circles in this regard that after becoming the American President of the Donald Trump, the policy of extending economic pressure on various countries is being used uninterrupted. China is being blamed in a commercial war that has been repeatedly marked by Beijing's implicit effects on the global economy. Beijing also announced a lot of discount to the United States in the global trade, but there was no positive result. Asian shares were severely affected after the US $ 200 billion additional tax on sugar products on September 8. Due to the negative impact of China's response and the broader commercial war, many countries may not face any difficulties in coming out of the developing countries. Even India, which America is calling its natural ally these days, appears to be a trumpet's aggressive policy. Compared to the rising prices and the dollar, the fiscal situation of Indian rupees has affected many fields, including India's Aviation Market. As far as Pakistan is concerned, the costs incurred to provide facilities to the US in the war against terrorism, is one of the most obligatory debts on the United States, which is deducted by the US prior to the payment of the installment. The payment has been given and now the rest of the money are being used in payment. US Secretary of State Mike Pompev is announcing to object to IMF "Bell Iot", while Pakistan has not yet made such an appeal to the IMF. In this scenario, Russia and China's non-dollar trade transactions show that the exchange of goods and currency exchange in local currency is returning to the last century's trend in global trade. Our new government should take this aspect of this aspect in our economic strategies.