Russia Ukraine war, page-236912

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Lt Ripley

5,857 Posts.

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08/09/24

23:23

Post #: 75584490
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Originally posted by Cosmoterios ↑

Dum boy,

I thought you knew how to read???

They mentioned Russian companies were hoarding the Yuans.

Do you actually how INTERNATIONAL TRADES take place???

Here is the simple version, for the most IGNORANT tools like you, on this forum (btw, why are you here when you don't even understand how business trades work?)

As an example, A Russian company sells something (widgets) to a Chinese company and is paid in yuan. That Russian company would normally go to the Russian Reserve bank and swap the Yuans for Roubles. so it could use it to pay salaries of Russian workers and pay for goods and services in Russia.

That is the normal process. And the Reserve Bank of Russia would hold Yuans until another Russian company need to exchange Roubles for Yuans so it could pay for something it bought from China. That is how the process work - under normal circumstances.

However, many Russian companies (mentioned in the article), decided to hoard Yuans instead of swapping them for Roubles with their Reserve bank.

That caused a shortage of Yuans and an excess supplies of Roubles - hence the drop in the price of Roubles in order to attract the swap for Yuan.

Simple market mechanism at work, but the propagandists turned that sheeeet into a BS narrative; that Chinese banks are afraid of secondary sanctions due to its trades with Russia (Lol). How would they know anything, if those trades did not take place within the SWIFT system???

Was that too hard for you to comprehend???

Bottom line: Your propagandists used the information that Russian companies were hoarding Yuans, causing a shortage of Yuans at the Reserve Bank, into a BS story about Chinese banks not transacting with Russian ones.

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You are aware that Crom/Andy/Milo did not understand a word you said in that post, right?

The same guy/guys who still parrots that there was no violence whatsoever during the coup in 2014. His words “ the protests were peaceful and the protesters did not resort to violence.” - Crom/Andy/Milo
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First 236912 Last

Russia Ukraine war, page-236912

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Week 36 Wrap: AI hype wave tested again; Oz per capita recession continues; AirTrunk’s $40B+ payday

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