Pakistan, China agree to Trade in Chinese Yuan

[Daniel808]

Pakistan, China agree to Trade in Chinese Yuan

ISLAMABAD: Pakistan and China have agreed to do trade in their own currencies instead of dollar, Jang has reported.

According to report, the two countries agreed to do business in Pakistani rupee and Chinese currency Yuan during the visit of Prime Minister Imran Khan to Beijing.
Earlier, Pakistan and China were doing trade in dollar.

Before Chinese President Xi Jinping and PM Imran Khan, Turkish President Recep Tayyip Erdogan had launched movement to end the dominance of dollar.

Russian Foreign Minister had also supported Turkish President's this move.
China, Russia and Turkey had been struggling against the supremacy of dollar, however Pakistan joined the trio recently.
Europe also wants to abolish dollar's dominance.

The biggest success of PM Imran's China visit is said to be the announcement of both all-weather friends to implement the agreement to do trade in their own currencies.

This accord between China and Pakistan will bring dollar value down in the country.

Dollar has hit Rs133 in Pakistan.

https://www.thenews.com.pk/latest/3...gree-to-trade-in-rupee-yuan-instead-of-dollar

In the next 5 years, this event will create Chain reaction to ditch US dollar.

It's not a secret, that many countries in this world want so badly to ditch US dollar in their Bilateral trade, but many afraid to do so.
And with China's growing power today, this event will create a Chain reaction to Ditch US dollar.

Congrats for Both Chinese and Pakistani people for this Historical event

@BHarwana @Azadkashmir @TaiShang @Cybernetics

 

[BHarwana]

It is a great development for the region.

 

[艹艹艹]

Before Chinese President Xi Jinping and PM Imran Khan, Turkish President Recep Tayyip Erdogan had launched movement to end the dominance of dollar.

Russian Foreign Minister had also supported Turkish President's this move.
China, Russia and Turkey had been struggling against the supremacy of dollar, however Pakistan joined the trio recently.
Europe also wants to abolish dollar's dominance.

India as a superpower, but did not dare to challenge the dollar hegemony

 

[Daniel808]

‘No more dollars’: Pakistan, China to trade in Yuan, says Fawad Chaudhry

LAHORE: Information Minister Fawad Chaudhry says the trade between Pakistan and China will now be carried out in Yuan, instead of US dollars, ARY News reported.

Trade in dollars exposes the national economy to risk that ultimately leads to financial burden, said the minister while addressing a press conference here.

With reference to Prime Minister Imran Khan’s visit to China, he underlined that the relations between the two ‘all-weather’ friends were good and would remain so in the future.

He reiterated his government’s earlier announcement to send Pakistani astronauts on a space mission in 2022. Hurling a jibe at rival political parties without naming anyone, Chaudhry said ‘some political figures should also be sent to space.’


Mr. Chaudhry said relations between countries were based on strategies, rather than relying on individuals. “Pakistan must now proud that the Islamic world is now trusting it to the core.”

He mentioned that it was an achievement for Pakistan that the Dutch government declared blasphemous caricature contest as wrong.

With reference to recent countrywide protests, the information minister said people were well aware about those using the ‘religion card’ for their own gains.

It will now be the responsibility of provincial governments to compensate losses incurred by people during the protests, the minister added.

He appreciated religious parties for their efforts in tackling the crisis [arising out of Asia Bibi’s acquittal in a blasphemy case].

“A fruit vendor was looted in a broad daylight; rickshaws were set on fire…some people on pretext of safeguarding the religion resorted to violence which should not have happened”, regretted the minister.

He hailed visits of Prime Minister Imran Khan to Saudi Arabia and China as successful.

Regarding rift with the Opposition, the minister said the main contention was on based on a single issue, ‘they are asking for NRO, and we reply ‘Na Ro’ (Don’t cry).’

He maintained PM Khan had already unveiled his zero tolerance policy against corruption and it was being implemented in letter and spirit.

https://arynews.tv/en/no-more-dollars-pakistan-china-to-trade-in-yuan-says-fawad-chaudhry/

Indeed a great development for region

 

[khansaheeb]

The old financial order is crumbling. The Dawn of Asian power is again lighting the sky. We saw the sunset of the British empire and now we are seeing the sunset of the dollar.

 

[Hakikat ve Hikmet]

The old financial order is crumbling. The Dawn of Asian power is again lighting the sky. We saw the sunset of the British empire and now we are seeing the sunset of the dollar.

Sunsets follow sunrises, and vice versa!!!

The center of gravity of the geopolitical power has moved from the Atlantic to the Pacific....

InshaAllah the next move will be for PKR/TL...

Now, let’s get back to the original disposition for PDF - defense!!!!! Pak can now buy weapons using Yuan, and ,hopefully, with TL next!!! Prospects are immense!!!

 

[MultaniGuy]

Great development, and it was overdue as well.

 

[Daniel808]

The old financial order is crumbling. The Dawn of Asian power is again lighting the sky. We saw the sunset of the British empire and now we are seeing the sunset of the dollar.

Sunsets follow sunrises, and vice versa!!!

The center of gravity of the geopolitical power has moved from the Atlantic to the Pacific....

If we can cooperate more between each other, soon in the near time, We all Asians will be the centre of this world again. As Asians we have brighter future ahead.

Will be waiting to see Turkey join the party soon @Hakikat ve Hikmet

 

[Kyle Sun]

Let's get over the dollar step by step.

 

[TaiShang]

Pakistan, China agree to Trade in Chinese Yuan

ISLAMABAD: Pakistan and China have agreed to do trade in their own currencies instead of dollar, Jang has reported.

According to report, the two countries agreed to do business in Pakistani rupee and Chinese currency Yuan during the visit of Prime Minister Imran Khan to Beijing.
Earlier, Pakistan and China were doing trade in dollar.

Before Chinese President Xi Jinping and PM Imran Khan, Turkish President Recep Tayyip Erdogan had launched movement to end the dominance of dollar.

Russian Foreign Minister had also supported Turkish President's this move.
China, Russia and Turkey had been struggling against the supremacy of dollar, however Pakistan joined the trio recently.
Europe also wants to abolish dollar's dominance.

The biggest success of PM Imran's China visit is said to be the announcement of both all-weather friends to implement the agreement to do trade in their own currencies.

This accord between China and Pakistan will bring dollar value down in the country.

Dollar has hit Rs133 in Pakistan.

https://www.thenews.com.pk/latest/3...gree-to-trade-in-rupee-yuan-instead-of-dollar

In the next 5 years, this event will create Chain reaction to ditch US dollar.

It's not a secret, that many countries in this world want so badly to ditch US dollar in their Bilateral trade, but many afraid to do so.
And with China's growing power today, this event will create a Chain reaction to Ditch US dollar.

Congrats for Both Chinese and Pakistani people for this Historical event

@BHarwana @Azadkashmir @TaiShang @Cybernetics

So much so for the "end of the CPEC" and the eventual demise of the BRI.

 

[khansaheeb]

So much so for the "end of the CPEC" and the eventual demise of the BRI.

` Maybe we should come up with an Asian currency like the Euro?Let's call it Asio?

 

[艹艹艹]

` Maybe we should come up with an Asian currency like the Euro?Let's call it Asio?

Currency and economy are in close union
The eu is an economic union with a mature economic base. However, the development level of Asian countries is seriously unbalanced, so it is difficult to form a unified Asian currency

 

[khansaheeb]

Currency and economy are in close union
The eu is an economic union with a mature economic base. However, the development level of Asian countries is seriously unbalanced, so it is difficult to form a unified Asian currency

Yes, but that is the way to take steps towards balancing.

 

[Viet]

It is a great development for the region.

Using the Yuan for little trades between China and Pakistan just bring little effect. To impress Donald Trump, communist leader Xi should convince the top 5 trading partners of China to accept the Yuan: Japan, Korea, Australia, Germany and Vietnam.

 

[Riea]

So from one foreign currency to another. How does this help pakistan ? Explanation please.