China, Russia launch financial tools in local currencies
December 31, 2014
China and Russia have effectively switched to domestic currencies in trading using financial tools as swaps and forwards, as they seek to reduce the influence of the US dollar and foreign exchange risks. The agreement signed in the end of October comes into force Monday, December 29, and provides a currency swap of CNY150 billion (up to US$25 billion).
Russia and China have long been looking for ways to cut the dollar’s role in international trade. The question is significant for China as 32 percent, or $4 trillion of its foreign exchange reserves are in US bonds, which means there is a vulnerability to fluctuations in the exchange rate.
Evenimente
MOSCOW – ARMY 2018
The exposition of the Russian Army-2018 international military and technical forum will showcase about 600 pieces of armament, military and special hardware, according to Russia’s Defense Ministry.
International military-technical forum «ARMY» is organized and fully supported by the Ministry of Defence of the Russian Federation and combines the exhibition and dynamic demonstration of military equipment capabilities with extensive congress program and strong participation of international audience represented by foreign exhibitors, delegations and visitors. In just three years, the event has turned into the world’s leading exhibition of arms and military equipment, the authoritative platform for discussing innovative ideas and developments for the armed forces.
Adress: Patriot ExpoCenter, Moscow, Times: 21 – 26 August 2018, 9.00 – 17.00
PARIS – EUROSATORY 2018
Eurosatory – the international land and airland Defence and Security exhibition, takes place every two years in order to gather the whole offer and demand of the domains. It was created in its original form in 1967 and has never stopped evolving. Attendees’ number always increased, visitors as well as exhibitors.
Adress: Parc des Expositions de Paris Nord Villepinte, Hall 6 – 5A et 5B
Times: Monday 11th to Thursday 14th of June 2018; 9:00 – 17:00, Friday 15th of June 2018; 9:00 – 16:00
DEFENCE SECURITY ASIA (DSA) 2018
DSA is the most important defense and security exhibition in the Asian Region. The edition 2018 of DSA will take place from 16 to 19 April, 2018 in the new Malaysian International Trade and Exhibition Center MITEC. DSA exhibition it’s more than 1,000 companies from the global defence and security sector from more than 50 countries and regions. More than 26 International Pavilions are expected to participate to engage with more than 300 VIP Delegations from more than 44 countries.
Parteneri
Ne-au vizitat
***
