Chile Is Latest Country To Launch Renminbi Swaps And Settlement

[DB008]

Some interesting news regarding China and the USD

China, Chile to establish strategic partnership, boost trade

http://news.xinhuanet.com/english/china/2012-06/27/c_123334167.htm

China and Chile agreed Tuesday to upgrade their bilateral ties to a strategic partnership, and double trade in three years.

Chinese Premier Wen Jiabao and Chilean President Sebastian Pinera announced Tuesday the establishment of China-Chile strategic partnership and the completion of negotiations on investment-related supplementary deals to a bilateral free trade agreement.

China would like to be actively engaged in Chile's infrastructure construction and work with Chile to promote the development of transportation networks in Latin America, said Wen.

Meanwhile, Wen suggested that the two sides launch currency swaps and expand settlement in China's renminbi

And from Zero Hedge

So to summarize, the list of countries that China is transacting with directly (that we know of), and bypassing the USD entirely, is as follows:

• Japan
• Russia
• Iran
• India
• Brazil
• and now, Chile

In other words, it looks like the BRICs already have their "bilateral" arranagements all sorted out, and are now quietly moving into other suppliers of key resources with swap deals, all without mentioned the world "dollar."

How soon until China re-dips its toe in Europe with a modest "bailout" nobody can refuse in exchange for a simple caveat: you get paid in renminbi?

 

[So_Cynical]

Some interesting news regarding China and the USD

China, Chile to establish strategic partnership, boost trade

http://news.xinhuanet.com/english/china/2012-06/27/c_123334167.htm




And from Zero Hedge

So to summarize, the list of countries that China is transacting with directly (that we know of), and bypassing the USD entirely, is as follows:

Japan
Russia
Iran
India
Brazil
and now, Chile


In other words, it looks like the BRICs already have their "bilateral" arranagements all sorted out, and are now quietly moving into other suppliers of key resources with swap deals, all without mentioned the world "dollar."

How soon until China re-dips its toe in Europe with a modest "bailout" nobody can refuse in exchange for a simple caveat: you get paid in renminbi?

As i said a while ago in another thread...this Century is the Asian century, China/Asia will pull the other BRIC country's, Aust and parts of Africa and South America along with it....we are at the edge of the new centrer of the universe.