Russia adds yuan as currency reserve

The Central Bank of Russia has included the Chinese yuan in its reserve currency basket, TASS reports. The move is expected to boost the yuan’s presence in the Russian financial market.

As of December 31, 2014, the latest data available, the US dollar was still dominating Russia’s forex basket at 44 percent. The second most-used foreign currency was the euro with 42 percent. The British pound made up 9.5 percent.

According to Vesti.Finance, the Central Bank made the decision in November, but hasn’t bought the yuan yet.

Read more » RT
See more » https://www.rt.com/business/323639-russia-adds-yuan-reserve-currency/

 

ENJOY THE MUSIC & POETRY OF BODY AND SOUL

Traditional Dance With Classical Rabab Sazz

Courtesy: Facebook.

Isis was quick to understand a truth the West must now confront: that the national borders imposed by colonial powers 100 years ago are becoming meaningless, says Robert Fisk

Isis: In a borderless world, the days when we could fight foreign wars and be safe at home may be long gone

By Robert Fisk, @indyvoices

Early in 2014, Isis released one of its first videos. Largely unseen in Europe, it had neither the slick, cutting-edge professionalism of its later execution tapes nor the haunting “nasheed” music that accompanies most of its propaganda. Instead, a hand-held camera showed a bulldozer pushing down a rampart of sand that had marked the border between Iraq and Syria. As the machine destroyed the dirt revetment, the camera panned down to a handwritten poster lying in the sand. “End of Sykes-Picot”, it said.

Like many hundreds of thousands of Arabs in the Middle East, for whom Sykes-Picot was an almost cancerous expression, I watched this early Isis video in Beirut. The bloody repercussions of the borders that the British and French diplomats, Mark Sykes and François Georges-Picot, drew in secret during the First World War – originally giving Syria, Mount Lebanon and northern Iraq to the French, and Palestine, Transjordan and the rest of Iraq to the British – are known to every Arab, Christian and Muslim and, indeed, every Jew in the region. They eviscerated the governorates of the old dying Ottoman empire and created artificial nations in which borders, watchtowers and hills of sand separated tribes, families and peoples. They were an Anglo-French colonial production.

Read more » Independent
See more » http://www.independent.co.uk/news/world/middle-east/isis-in-a-borderless-world-the-days-when-we-could-fight-foreign-wars-and-be-safe-at-home-may-be-long-a6741146.html