Friday, February 3, 2017

Long time U.S. vassal state Japan to bypass dollar and SWIFT to transact using China's CIPS system in inter-bank settlement

Ever since China began to duplicate Western financial institutions starting in 2013, more and more nations have begun matriculating towards the East, and away from dollar hegemony.  And one of the most important of these new infrastructures is the Chinese CIPS platforms which functions for the RMB the same way SWIFT does for the dollar.

Yet unlike the way SWIFT charges for swaps when nations have to use the dollar as a middleman since it still reigns as the world's singular reserve currency, CIPS allows for much lower transaction fees and the convenience of bypassing the U.S. currency through direct bi-lateral currency settlement.

Hiroshima Bank and 13 other Japanese regional banks will connect to an interbank payment network that enables direct yuan wiring to mainland China -- a move that will lower transaction fees and boost convenience for customers. 
Joining the China International Payments System will reduce fees and processing days. Juroku Bank and Joyo Bank are also among the Japanese banks taking advantage of the system introduced by the People's Bank of China. They will be connected one by one after the end of the Chinese New Year holidays via the Bank of Tokyo Mitsubishi UFJ, which connected to the system last year. 
Previously, payments to mainland China had to be processed by clearing banks such as those in Hong Kong. CIPS can cut costs by several dollars (10 yuan equals $1.45) per transaction. Payments can be completed on the same day if certain conditions are met. – Asia.Nikkei

As the world continues to reject the dollar and the old financial model of a singular reserve currency, more countries are seeing the benefits of transacting in a bi-lateral environment.  And once enough of these nations decides to follow this new economic model being laid out from Beijing, and create the critical mass needed to bypass the dollar completely, then the reserve currency will simply fade away via de facto consent, and force change onto the Western institutions that have run the global financial system for decades.

30 comments:

  1. Stop stuffing China's pockets with US trade dollars, is a good start to this kind of activity. Pull the lop sided trade rug out from under them.

    ReplyDelete
  2. this will accelerate through March

    ReplyDelete
  3. When this hits critical mass, the US Dollar is toast and will revert to its actual value internationally, which is a small percent of present exchange rate. Bad for dollar denominated holdings, to say the least...

    ReplyDelete
  4. Thank you for sharing this article with us! I believe there will be more people like me, they can find many interesting things in this article of you!
    -happy wheels
    -impossible game
    -roll the ball

    ReplyDelete
  5. I’m really impressed with your article, such great & usefull knowledge you mentioned here
    Assignment Help Sydney

    ReplyDelete
  6. As the world keeps on dismissing the dollar and the old monetary model of a particular save cash, more nations are seeing the advantages of executing in a bi-sidelong condition. Furthermore, once enough Help me with my Coursework of these countries chooses to take after this new monetary model being laid out from Beijing, and make the minimum amount expected to sidestep the dollar totally, at that point the save money will just blur away by means of true assent, and power change onto the Western foundations that have run the worldwide budgetary framework for quite a long time.

    ReplyDelete
  7. Get your assignment done of all the subjects at very reasonable price from our experts from different fields.
    Do My Essay

    ReplyDelete
  8. I Never Believed in Chester Brian Loan Company Until now.....(Brianloancompany@yahoo.com)

    Hello All, I was really so downcast after losing so much and facing financial difficulties, no one to help me and all i could do was to just seat and watch my business going down and almost losing my son to an illness. But never the less i meet an old college mate who told me about the loan he got from Chester Brian Loan Company and until now the company have assisted so many of his friends seeking a loan. So i told him that getting a loan any more is not my style because of the disappointment from my bank and other loan company i trusted but he insisted i apply for it and now i can now boost of restoring my company back to its full glory. i will keep on testifying on behalf of Chester Brain Loan because they have made me to be a man again. So if interested in acquiring a loan of any kind email them today via: {Brianloancompany@yahoo.com } OR text (803) 373-2162 .Am Harvey Lee from United States of America.

    ReplyDelete
  9. more and more nations have begun matriculating towards the East, and away from dollar hegemony. And one of the most important of these new infrastructures is the Chinese CIPS platforms which functions for the RMB the same way SWIFT does for the dollar. Buy Online In Pakistan

    ReplyDelete
  10. IT Experts Agency has rapidly recognized and implemented IT solutions with an incredible reputation of getting results for our clients. Our units empower us to offer full Technical Support to our customers. unified workspace services

    ReplyDelete
  11. Your post has many detail information. I read all of your article and I genuinely like it. Thank you for discussing this great post.

    - - - Lily Oliver - - -
    instagram video downloader

    ReplyDelete

  12. THE BEST PLACE TO SOLVE YOUR FINANCIAL PROBLEMS ( upstartloan@yahoo.com )

    Hello everyone in this forum, I am Jane Robin from palm Harbor Florida 34682. USA and want to use this medium to express gratitude to UP START LOAN for fulfilling their promise by granting me a loan, i was stuck in a financial situation and needed to refinance and pay my bills as well as start up a Business. I tried seeking for loans from various loan firms both private and corporate organisations but never with success, and most banks declined my credit request. But as God would have it, i was introduced by a friend named Mary Williams to UP START LOAN whom also confirmed to me that she also obtained a loan from them. In an attempt to resolve my current situation, i got in contact with the company via email and undergone the due process of obtaining a loan from the company, to my greatest surprise within 48hrs just like my friend Mary, i was also granted a loan of $80,000.00; So my advise to everyone who or know someone who desires a loan, if you must contact any firm with reference to securing a loan online with low interest rate of 2% and better repayment plans/schedule, please contact UP START LOAN. Besides, he doesn’t know that am doing this but due to the joy in me, i'm so happy and wish to let people know more about this great company whom truly give out loans, it is my prayer that GOD should bless them more as they put smiles on peoples faces. You can contact them via email on ( upstartloan@yahoo.com ) or Text/Call +1(574) 301-1639 And share your own awesome experience.

    ReplyDelete
  13. I read some articles on this site and I think your blog is really interesting and has great information. Thank you for your sharing.
    usps tracking

    ReplyDelete
  14. Thanks your shared!... I hope you will continue to have similar posts to share with everyone! I believe a lot of people will be surprised to read this article!
    happy wheels

    ReplyDelete
  15. This is so fun! What a great idea. Also I love how authentic you seem to be. Your style and passion for blogging is contagious. Thank you for sharing your life!
    slither io

    ReplyDelete
  16. This one is the great idea which you are sharing with us, thanku for this post
    CouponsEye

    ReplyDelete
  17. Through your pen I found the problem up interesting! I believe there are many other people who are interested in them just like me! How long does it take to complete this article? I have read through other blogs, but they are cumbersome and confusing. I hope you continue to have such quality articles to share with everyone!
    vex 3

    ReplyDelete
  18. I`m Charlie Bean and I live in Toronto Canada. I needed a loan to buy a house and I searched for a mortgage loan from all banks and I was denied and I loss hope of having my own house until I came across a post just as you reading my post now. I saw a post about a Financial Service Company who gives loan at 2% interest so I applied in STEAKLEY FINANCIAL SERVICES using their email steakleyfinancialservices@yahoo.com. And my loan was granted it was like a dream but was true and now am a owner of a house in Toronto and am paying the mortgage loan with no stress and I also requested if I can be granted a business loan and I was also granted. Now am living a happy life, I will advice you if you have an financial problems and you need money to settle it so you can pay with no stress just contact Steakley Financial Service at their email Steakleyfinancialservices@yahoo.com or number +1(512) 714-8010.

    ReplyDelete
  19. Thank you for the article! I feel it interesting, your post gave me a new perspective! I have read many other articles about the same topic, but your article convinced me! I hope you continue to have high quality articles like this to share with everyone! Good luck!
    slither io

    ReplyDelete
  20. articles that are very good and for the future I hope your article more useful thanks again.
    poker online

    ReplyDelete
  21. I have read many other articles about the same topic, but your article convinced me! I hope you continue to have high quality articles like this to share with veryone! Good luck!
    slither io

    ReplyDelete
  22. FINANCIAL BREAKTHROUGH

    Life indeed is GRACE, I'am Daan Sophia currently in California USA. I would like to share my experience with you guys on how I got a loan of $185,000.00 USD to clear my bank draft and start up a new business. It all started when i lost my home and belongings due to the bank draft I took to offset some bills and some personal needs. I became so desperate and began to seek for funds at all means. Luckily for me I heard a colleague of mine talking about this company, I got interested although i was scared of being scammed, I was compelled by my situation and had no choice than to seek advise from my friend regarding this very company and was given their contact number, getting intouch with them really made me skeptical due to my past experience with online lenders, little did i know this very Company "PROGRESSIVE LOAN INC. was a godsent to me and my family and the entire Internet World, this company has been of great help to me and some of my colleague and today am a proud owner of well organized business and responsibilities are well handled all thanks to Josef Lewis of (progresiveloan@yahoo.com).. So if really you are genuinely in need of a loan either to expand or start up your own business or in any form of financial difficulty, i advise you give Mr Josef Lewis of Progressive loan the opportunity of financial upliftment in your life Email: progresiveloan@yahoo.com OR Call/Text +1(603) 786-7565 and not fall victim of online scam in the name of getting a loan. thanks

    ReplyDelete
  23. ALL THANKS TO UPSTART LOAN AM NOW FINANCIALLY STABLE . upstartloan@yahoo.com
    I am Michelle Huxford from Casper, Wyoming. I was in a very chronic financial issue and terminal health situation some few weeks back. After all my search for assistance from friends and neighbors proved abortive, I feel there was no one who truly cares. I became so emaciated due to lack of good food and my 2 kids age 5 and 8 were not also good looking due to lack of proper care as a result of finance. One faithful morning I saw an old time friend of my late husband and I told him all I have been going through and he said the only way he could help was to direct me to a good loan agency that also helped him, He explained to me on how he was financially down and how he got boosted by this loan agency UPSTART LOAN INC ( upstartloan@yahoo.com ) who grant him 245,000 USD loan at an affordable rate. He further assured me that they were the only legit loan firm he found in the quest of seeking for loan after been scammed by various fake loan lenders online. He gave me their email: upstartloan@yahoo.com or text/call (574) 301-1639, That was how i applied and was also granted a loan and my life changed for the good. CONTACT THE ONLY GENUINE LENDERS( UPSTART LOAN INC) VIA email: upstartloan@yahoo.com or call +1 (574) 301-1639 to resolve your financial mess.

    ReplyDelete
  24. I`m Charlie Bean and I live in Toronto Canada. I needed a loan to buy a house and I searched for a mortgage loan from all banks and I was denied and I loss hope of having my own house until I came across a post just as you reading my post now. I saw a post about a Financial Service Company who gives loan at 2% interest so I applied in STEAKLEY FINANCIAL SERVICES using their email steakleyfinancialservices@yahoo.com. And my loan was granted it was like a dream but was true and now am a owner of a house in Toronto and am paying the mortgage loan with no stress and I also requested if I can be granted a business loan and I was also granted. Now am living a happy life, I will advice you if you have an financial problems and you need money to settle it so you can pay with no stress just contact Steakley Financial Service at their email Steakleyfinancialservices@yahoo.com or number +1(512) 714-8010.

    ReplyDelete
  25. interesting articles and this is my first first reading a very interesting article thanks for this article that fits with the theme news.
    judi poker

    ReplyDelete
  26. Joyo Bank are likewise among the Japanese banks exploiting the framework presented by the People's Bank of China. They will be associated one by one after the finish of the Chinese New Year occasions by means of the Bank of Tokyo Mitsubishi UFJ, which associated with the framework a year ago. Dissertation Writing Services

    ReplyDelete
  27. Thank for your post! It is easy to understand, detailed and meticulous! I have had a lot of harvest after watching this article from you! I feel it interesting, your post gave me a new perspective! I have read many other articles about the same topic, but your article convinced me! I hope you continue to have high quality articles like this to share with veryone!
    io games online

    ReplyDelete

  28. ALL THANKS TO UPSTART LOAN AM NOW FINANCIALLY STABLE . upstartloan@yahoo.com
    I am Michelle Huxford from Casper, Wyoming. I was in a very chronic financial issue and terminal health situation some few weeks back. After all my search for assistance from friends and neighbors proved abortive, I feel there was no one who truly cares. I became so emaciated due to lack of good food and my 2 kids age 5 and 8 were not also good looking due to lack of proper care as a result of finance. One faithful morning I saw an old time friend of my late husband and I told him all I have been going through and he said the only way he could help was to direct me to a good loan agency that also helped him, He explained to me on how he was financially down and how he got boosted by this loan agency UPSTART LOAN INC ( upstartloan@yahoo.com ) who grant him 245,000 USD loan at an affordable rate. He further assured me that they were the only legit loan firm he found in the quest of seeking for loan after been scammed by various fake loan lenders online. He gave me their email: upstartloan@yahoo.com or text/call (574) 301-1639, That was how i applied and was also granted a loan and my life changed for the good. CONTACT THE ONLY GENUINE LENDERS( UPSTART LOAN INC) VIA email: upstartloan@yahoo.com or call +1 (574) 301-1639 to resolve your financial mess.

    ReplyDelete