sharon sanders
Editor-in-Chief & President
Russian source. At this point anything appearing in media from Russian sources is a de facto government announcement.
01:12 13.03.2022
6146
The expert called the currency that can replace the dollar
Stock market expert Babin named the currency that can replace the dollar
MOSCOW, March 13 - RIA Novosti. For short- and medium-term investments, the Chinese yuan is quite suitable. Their trading volumes on the stock exchange are already growing. This is explained by the fact that China's economy is the second largest after the United States, and for Russia it is the largest partner in foreign trade, Dmitry Babin, an expert on the stock market at BCS World of Investments , told the Prime agency.
“Against the backdrop of tough anti-Russian sanctions and restrictions, as well as the voluntary refusal of many foreign trade counterparties from interacting with our companies, an increase in the volume of trade operations between Russia and China , including mutual settlements in yuan and rubles, is expected. This increases the relevance of the Chinese currency for Russian investors,” the specialist noted.
The expert attributed the possibility of a further increase in liquidity and the geopolitical situation that is favorable for further building up economic ties to the pluses of the Chinese currency. The downside is the risk of a long depreciation of the yuan against other currencies against the backdrop of dependence on trade in raw materials and geopolitics. For long-term investments, he advises to prefer the Japanese yen and the Swiss franc.
more..
zhttps://ria.ru/20220313/valyuta-1777886323.html
01:12 13.03.2022
6146
The expert called the currency that can replace the dollar
Stock market expert Babin named the currency that can replace the dollar
MOSCOW, March 13 - RIA Novosti. For short- and medium-term investments, the Chinese yuan is quite suitable. Their trading volumes on the stock exchange are already growing. This is explained by the fact that China's economy is the second largest after the United States, and for Russia it is the largest partner in foreign trade, Dmitry Babin, an expert on the stock market at BCS World of Investments , told the Prime agency.
“Against the backdrop of tough anti-Russian sanctions and restrictions, as well as the voluntary refusal of many foreign trade counterparties from interacting with our companies, an increase in the volume of trade operations between Russia and China , including mutual settlements in yuan and rubles, is expected. This increases the relevance of the Chinese currency for Russian investors,” the specialist noted.
The expert attributed the possibility of a further increase in liquidity and the geopolitical situation that is favorable for further building up economic ties to the pluses of the Chinese currency. The downside is the risk of a long depreciation of the yuan against other currencies against the backdrop of dependence on trade in raw materials and geopolitics. For long-term investments, he advises to prefer the Japanese yen and the Swiss franc.
more..
zhttps://ria.ru/20220313/valyuta-1777886323.html