According to the official Ukrainian saying, the Ukrainian army defeated Chongliman by tens of thousands of people, defeating thousands of Russian troops, fortifications were built in the rear. After achieving such a major victory, Ukraine immediately publicized its own victory, and the United States and Europe also began to hype, hoping to package the current situation into a "turning point." But obviously, this is not an easy thing. After the failure, Russia's retaliation methods were extremely fierce, and it directly announced a large mobilization. According to the plan, the Russian army will recruit another 300,000 people. At the same time as the conscript, the first batch of mobilized troops have arrived in the Donetsk area.
In addition to military operations, Russia has not forgotten to fight back at the United States at the economic level. Putin kicked the accelerator and accelerated the RMB to globalization. According to Russian media reports, the RMB has surpassed the US dollar for the first time recently, becoming the foreign currency with the largest trading volume of on the Moscow Exchange. On the day of the incident, the transaction volume of US dollar against rubles was 59.4 billion rubles, while the transaction volume of RMB against roubles was 63.9 billion rubles. Although China and Russia have hundreds of billions of trade each year, only a small part of global trade, as time goes by, those countries that are not friendly to the United States will inevitably follow suit. Slowly, the second and third countries that use RMB more than the US dollar will also appear.
It is no exaggeration to say that the time for the RMB to rise is ripe, and the hegemony of the US dollar is coming to an end, as Harvard Economics professor Kenneth Rogoff previously warned: the dominance of the US dollar may end in the next 20 years.
However, the United States is completely self-inflicted. Previously, the United States expelled Russia from the international settlement system and even frozen the foreign exchange reserves of the Russian Central Bank , which indirectly promoted the competition between the global financial system and the US dollar. The unilateral economic sanctions on made everyone realize that if other countries are allowed to master the economic weapon of international trade settlement, then other countries will be meat on the chopping board.
In this way, all countries must naturally prepare their way out in advance. Nowadays, the RMB has not only replaced the US dollar in Russia's trading center, but also introduced a unified settlement currency system between the trade of Eurasian Economic Union and China. Even the crude oil transactions between Saudi Arabia and and China will be traded in RMB. All of this shows that many countries really want to part ways with the US dollar.
So, in the near future, when the RMB completely replaces the US dollar, what benefits will this be for China, or for us? In this regard, we can look at it from two levels. One is an individual. For individuals, after the RMB replaces the US dollar, it will be convenient to study abroad and travel abroad. You can pay for whatever you do in RMB, rather than in US dollars and euros. You should know that we currently have a limit on using foreign exchange, and each citizen can exchange it for up to 50,000 yuan. Therefore, when the RMB replaces the US dollar, the first thing that benefits us personally. The second is the enterprise. For those companies doing foreign trade business, after the RMB becomes an international settlement currency, they no longer have to worry about foreign exchange quota. (Three Earths)
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