17-04-2023, 10:30 AM
(16-04-2023, 03:17 PM)Manthink Wrote: It has always been that way - just that the Chinese was (and still is) developing towards a more open financial system.
That's why SG is one of the few countries that as RMB-clearing house supported by gov's Monetary Authority of Singapore ?![]()
https://www.cnbc.com/2014/04/28/singapor...enter.html
New Development Bank setup in 2014 HQ in Shanghai has opened branches in Brazil and South Africa.
BRICS Bank will become Central Bank
Will soon be opening in Moscow and India, a strategy to support liquidity (even W/O USD) in events of war.