China is moving faster on full convertibility of the renminbi

Panique sur le pétrodollar ?

En plus des problèmes politiques des Etats-Unis, le dollar américain a du souci à se faire. Le dollar est maintenu à flot par des marchés financiers manipulés et la pression que Washington exerce sur ses vassaux qui doivent faire tourner leurs propres planches à billets afin de soutenir la valeur de la devise américaine en achetant des dollars. Pour maintenir le dollar à flot, une grande partie du monde connaîtra l’inflation monétaire. Lorsque les gens finiront par piger et se rueront sur l’or, ils s’apercevront que les Chinois ont tout pris.

Sergueï Glazyev, un conseiller de Poutine, a dit au président russe que seule une alliance contre le dollar pour qu’il s’effondre pourrait arrêter l’agression de Washington. C’est mon opinion depuis longtemps. Il ne peut y avoir de paix tant que Washington pourra créer de la monnaie pour financer plus de guerres.

Ainsi que le gouvernement chinois l’a déclaré, il est temps de «désaméricaniser le monde». Le pouvoir à Washington a totalement déçu, ne produisant rien d’autre que des mensonges, de la violence, de la mort et la promesse de plus de violence. L’Amérique n’a d’exceptionnel que le fait que Washington a, sans aucun remords, détruit en tout ou partie sept pays depuis le début du XXIe siècle. A moins que le pouvoir à Washington ne soit remplacé par des dirigeants plus humains, la vie sur terre n’a aucun avenir. (1)


La Chine multiplie les accords d’échange de devises : Canada, Qatar, Corée du Sud...

Bas du formulaire

clip_image001Le phénomène de dé-dollarisation continue à s’étendre, et cela au profit de la monnaie chinoise, le renminbi (ou yuan, alias RMB). Les accords d’échanges de devises directs avec la Chine se multiplient partout dans le monde : Canada, Qatar, Corée du Sud, etc., précipitant la fin du dollar US comme monnaie de référence pour les échanges commerciaux. 

La Chine signe un accord avec le Canada…

Au cours des derniers jours, la Chine a signé des accords monétaires directs avec le Canada, qui devient ainsi le premier centre de Renminbi [alias yuan] offshore  en Amérique du Nord, comme le relatent les analystes de CBC, qui suggèrent que « cela pourrait doubler, voire tripler le niveau du commerce canadien avec la Chine », diminuant la nécessité d’utiliser le dollar.

Selon CBC,

« Autorisée par la Banque centrale de Chine, la transaction permettra de faire des affaires, directement, entre le dollar canadien et le renminbi chinois, court-circuitant l’élément intermédiaire (dans la plupart des cas, le dollar américain).

Les exportateurs canadiens, forcés d’utiliser la devise américaine pour faire des affaires en Chine, sont confrontés à la hausse des coûts de change et à des délais plus longs pour conclure des affaires.

“C’est quelque chose dont le Premier ministre a parlé. Il veut que les entreprises canadiennes, en particulier les petites et moyennes entreprises, fassent de plus en plus d’affaires en Chine, en y vendant des biens et des services”, a déclaré depuis Pékin Catherine Cullen de CBC. »

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Extrait de: Toronto becomes first renminbi trading hub in North America, By Pete Evans, CBC News Posted: Mar 23, 2015

Direct exchange hub could smooth way for businessess doing deals in China

After stock markets closed on Monday, Toronto became the first trading hub in North America for China's currency, known as the renminbi or yuan.

Chinese government dignitaries, Federal Finance Minister Joe Oliver and his Ontario compatriot Charles Sousa attended a ceremony in Toronto Monday evening to formally announce the first conversion from yuan to Canadian dollars.

The announcement makes Toronto the first such trading hub in the Americas that has permission to be a clearinghouse for Chinese renminbi (which means "people's money" in Chinese). There are currently only a handful of such hubs outside China, including Paris, London, Moscow, Singapore, Tokyo, Seoul and Sydney, Australia.

In practical terms, such hubs make it easier to do business with China because without one, Chinese money has to first be converted into a currency like the U.S. dollar before being again converted into loonies to make investments here, or even pay for supplies.

"What the hub does is it provides the potential to get a good price," says David Watt, the chief economist of HSBC. "It sets up a way for Canadian businesses to call their local banker and say "we've got a deal to import Chinese material and we'd like to pay for it in RMB not U.S. dollars."

Monday's announcement will make Toronto the only authorized trading hub for renminbi anywhere in the Americas. (The Associated Press)

The hub eventually will allow people on both sides to take out that middle man and convert renminbi directly into Canadian dollars and vice versa.

"It should give Canadian businesses the confidence to increase trade."

No need for middle man

Watt says China is moving faster on full convertibility of the renminbi and could loosen rules further by the end of the year.

The Canadian hub is likely to attract business from Central and South America, as well as the U.S. and Canada, he said in an interview with CBC’s The Exchange with Amanda Lang.

"It does create opportunities for Latin American companies to do some of their trading in renminbi through Toronto as well because it’s the same time zone, active pricing, so you no longer have to worry about market dead zones in trading [with] other countries," Watt said.

It's a huge market that Canadian businesses are eager to be more active in. And the hub could give them a leg up on the billions of dollars that are already flowing between the U.S. and China.

"Bilateral trade between China and the U.S. alone is worth more than $550 billion US per year," director Michael Burt with the Conference Board of Canada said recently. "If even a small share of these transactions pass through Canada, they could generate considerable transaction fees for Canadian financial institutions."

Financial institutions benefit

"Canadian financial institutions may benefit by providing associated services, such as yuan-denominated accounts, and the issuing of yuan-denominated securities."

​Australia signed a similar deal to become a yuan trading hub in 2013. The two countries have since signed a free trade deal.

Next to the U.S., China is Canada's second-largest trading partner, but Canada is only China's 21st-largest, with $77 billion in bilateral trade between the two countries last year. Ottawa says trade between Canada and China supports more than 470,000 jobs in Canada a year, which was about 2.67 per cent of total Canadian jobs.

The renminbi has become a major world currency relatively quickly. Roughly a decade ago, it was not widely held outside of China due to strict regulations Beijing imposed on where it could be used. From there, it has grown to be one of the most-traded currencies in the world along with the U.S. dollar, the euro, the yen, the British pound, the Canadian dollar and the Swiss franc.