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China has decided to ban the dollar

China has decided to ban the dollar
191
Tuesday, 23 June, 2020, 17:40

China does not exclude that the USA tries to strengthen the sanctions pressure decides to forbid him to use the dollar as settlement asset. This was stated by the Chairman of the Committee for control over the securities of China Fang Xinghai, reports TASS.

According to him, be prepared to be disconnected from the Interbank system of information transfer and Commission of payments of SWIFT system of interbank electronic clearing CHIPS Beijing should really, and not just psychologically.

Fang Xinghai added that the existing dependence makes the country vulnerable to sanctions that may follow in case of aggravation of the confrontation between the two countries.