THE RISE OF THE RENMINBI

Webster Tarpley suggested that Brexit was all about freeing The City of London so it could become the banker of the Renminbi.

The UK finally left the EU on 31st January 2020.

On 11th March 2020 Covid-19 was formally declared a pandemic by the WHO.

Here is what has happened to the Renminbi in the last 5 years: it has become more powerful against all the major global currencies of the British Pound, the U S Dollar and the Euro.

And the first few months of 2020 are when that rise began to occur.

Coincidence?

Data from XE.

So I'll ask again : would current events have occured had Brexit not occured so that the City of London could become the banker of the Renminbi?