Friday, March 31, 2023

China And Brazil Strike Deal To Ditch The US Dollar

"According to the Brazilian government, China and Brazil have reached a deal to trade in their
own currencies, ditching the
United States dollar as an intermediary entirely, AFP reported.
The deal, Beijing’s latest salvo against the almighty greenback, will enable China, the top rival to US economic hegemony, and Brazil, the biggest economy in Latin America, to conduct their massive trade which amounts to $150 billion per year, and financial transactions directly, exchanging yuan for reais and vice versa instead of going through the US dollar. In doing so China extends its bilateral, USD-exempting currency arrangements beyond countries such as Russia, Pakistan and Saudi Arabia to now include the Latin American exporting powerhouse." ZH

Russians hit 117 Ukraine’s settlements in past day.

"Over the past day, Russian troops shelled 117 settlements in nine regions of Ukraine.
"In general, 117 settlements were shelled from various types of weapons (small arms, mortars, tanks, artillery, MLRS, S-300 missile systems, UAVs, Kh-31 cruise missile, tactical aircraft). Damage to 70 infrastructure objects was confirmed," the Military Media Center reports." Ukrin

Three power engineers blown up by mine in Kherson Oblast, 2 of them killed

"Three power engineers have been blown up by a Russian mine in the village of Posad-
Pokrovske, Kherson Oblast. Two of them have been killed."
Pravada