The headlines that the next clothing store is closed or the techniques flooded the news feed and led to a panic. Residents of Russia buy sugar, pasta, fast cooking noodles and other goods, waiting for prices soon, and some products will disappear at all. Is it really?

Recently, a meeting of the heads of countries included in the EAEU and the heads of China, which decided to create a new international financial system and currency. Thus, countries will be able to bypass the SWIFT system and abandon the dollar.

The new currency and financial system is created on the basis of a new currency. It is calculated as the national currency index participating in the program of countries and prices for goods produced in these countries. The first participants of the new financial system are China and the EAEU countries: Russia, Belarus, Armenia, Kazakhstan and Kyrgyzstan.

Such a currency will be equally tied to national participating countries and their products. This will reduce its volatility and make it more stable and constant, which is important for long-term economic relations.

According to Anatoly Aksakova, Chairman of the State Duma Committee on the Financial Market, is now being created directly in the framework of national financial communications transmission systems. And this, in turn, will minimize the risks associated with servicing the economic turnover.

The main objectives of the formation of a new system:

1. Creating new, more advanced financial instruments that will not depend on decisions of individual states.

2. Care from the dollar system.

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First of all, this will lead to a certain fall in the US dollar and the euro, they will cease to be reserve currencies. A whole economic unit is created, which will exceed the power of the US and Europe economy. In addition, there is a possibility that other countries that are not included in the EAEU will be able to join the new system.

It is assumed that Russia in this system will take second place, as China's economy is more and more powerful. But despite this, due to its raw materials of the Russian Federation will occupy one of the most important positions in the system.

Consequently, such a union will lead to the end of the power of the dollar and the euro in the world. A new more stable currency will appear, which will no longer be manipulated on the stock exchanges. It is believed that negotiations on this monetary and financial system are not conducted for the first year, since the initial project will be ready by the end of March. Such serious changes suggest that the world will no longer be and begins a new era.

What do you think you will, will the new system become more transparent and attractive for the rest of the countries? And what awaits the United States and the EU, which all the forces resist this process?

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