Comments by "☨St Louis IX opposed paganism, hæresy \x26 debauchery" (@stlouisix3) on "RMB in Severe Crisis? Major Devaluation Amid Putin’s $4.5 Billion Sale Shocks China’s Central Bank" video.

  1. 00:00 Chinese Ren'minbi fell below 7.27 against the US Dollar, while offshore Remy broke through 7.28 resistance level. 00:00 Russia dumped 4.5 billion US dollars worth of RMB, shrinking its reserves by a third. 00:19 Chinese Central Bank aimed to hold its ground in the Foreign Exchange Market but faced unexpected impact. 00:34 Leadership shakeup in the People's Bank of China indicates dissatisfaction with the exchange rate. 00:56 China may need to make significant adjustments to economic policies. 03:26 💰 Russia's sale of the Chinese yen to stabilize the rubble exchange rate is driven by economic sanctions and the need to sustain military and economic operations. 03:40 U.S entities are prohibited from engaging in transactions with the Central Bank of Russia and transactions involving the Russian Ministry of Finance and the national wealth funds. 03:40 Russian Central Bank sold 4.4 billion yen from the national wealth fund to stabilize the rubble exchange rate by buying USDollars, euros, and pounds sterling. 03:56 Russia uses the Chinese yen as an intermediary currency due to Western sanctions and the inability to directly exchange with the US dollar. 04:29 Western sanctions have capped the price of Russian oil, leading to a decrease in oil revenues and potential financial instability. 04:43 Russia's financial needs in the conflict in Ukraine and the depletion of ammunition inventory necessitate the procurement of supplies despite international financial sanctions. 05:48 📉 China's restriction on Russian accounts prevents Russia from exchanging U.N for US dollars, revealing China's short-sightedness and indirect support for Russia's war in Ukraine. 06:59 China's restriction on Russian accounts prevents Russia from exchanging U.N for US dollars. 06:59 China's short-sightedness and indirect support for Russia's war in Ukraine is revealed. 07:14 Russia finds new ways to obtain foreign currency through underground transfers and currency swap agreements with China. 07:22 China's promotion of the internationalization of the UN is exploited by countries with currency swap agreements. 07:44 Russia holds a trade surplus with China and has the potential for further sell-offs of U.N. 08:44 😰 China's foreign exchange reserves may not withstand the devaluation of the offshore market and the conversion of yen to US dollars, leading to doubts about its ability to handle the pressure. 10:40 China's usable foreign exchange reserve amount is only 730 billion when considering external debts that need to be repaid in the next 12 months. 10:40 The preference for the US dollar over the UN among the Chinese population is a growing concern due to the high interest rate offered on US dollar deposits. 12:08 China still heavily relies on the US dollar despite being the world's second largest economy. 12:37 China's current economic structure is primarily driven by real estate and exports, contrasting with the strong development witnessed in skyscrapers and infrastructure projects. 13:07 China's massive debt of over 300 trillion yen has created an illusion of exceptional prosperity, but repaying these debts is becoming difficult. 13:39 ⚠ China's economic instability and lack of long-term economic policies are causing anxiety in the United States. 14:25 China's manufacturing industry is being replaced by Southeast Asian countries and the resurging U.S manufacturing industry. 14:25 China lacks a new economic development model and long-term economic policies for 10 to 20 years. 14:31 China is experiencing a period of transition and confusion with a lack of consistency in economic policies. 14:38 Domestic authoritarianism in China has led to a series of crises in international relations. 14:47 The United States is concerned about China's economic downturn and is attempting to establish communication with the CCP to prevent unpredictable problems. 15:41
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  2. 📉 The Chinese Remy experienced a sharp depreciation against the US Dollar, leading to a significant shakeup in the Chinese Central Bank and potential adjustments to economic policies.
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  3. China's Currency in Crisis: Severe Devaluation and Leadership Shakeup as Russia's $4.5 Billion Sale Shocks Chinese Central Bank
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  4.  @lissettelopez8331  my pleasure:thanksdoc::thanksdoc::thanksdoc:
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