Month: May 2014

Kill Dollar Bill Update: Russia China Ink Huge Deal

20/05/2014

Russia and China signed a huge deal today where VTB, one of Russia’s largest banks, and the Bank of China, will pay each other in domestic currencies which will bypass the US dollar for investment banking, inter-bank lending, trade finance, and capital market transactions. The deal is worth an estimated $100 billion dollars a year Read More ยป