Currency War Accelerates as Russia and China Sign Death of U.S. Dollar!

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De-Dollarization Accelerates – China/Russia Complete Currency Swap Agreement
The last 3 months have seen Russia’s “de-dollarization” plans accelerate. First Gazprom clients shift to Euros and Renminbi, then the UK signs currency swap agreements with China, then NATO ally Turkey cuts ties and mulls de-dollarization, Switzerland jumps in the currency swap agreements, and BRICS create their own non-US-based funding vehicle, and then finally this week, Russia’s oligarchs have shifted cash holdings to Hong Kong.
Russian companies ‘de-dollarize’ and switch to yuan, other Asian currencies
Russia’s VTB and Bank of China agree on domestic currency settlements

Sources:
http://www.zerohedge.com/news/2014-08-09/de-dollarization-accelerates-chinarussia-complete-currency-swap-agreement
http://rt.com/business/179032-currency-swap-russia-china/
http://rt.com/business/164752-russiia-de-dollarize-yuan-china/
http://rt.com/business/160124-vtb-bank-china-currencies/