Anonymous Coward
User ID: 79199824
 Canada
08/01/2020 07:18 AM
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Report Copyright Violation | Russia & China speed up de-dollarization process: most trade no longer conducted in greenbacks Here we go !!! Gold and Silver will be backing whatever currency Russia and China will be using, you can count on that!!!
After years of talking about abandoning the US dollar, Russia and China are doing it for real. In the first quarter of 2020, the share of the dollar in trade between the countries fell below 50 percent for the first time.
To give an indication of the scale of the adjustment, just four years ago the greenback accounted for over 90 percent of their currency settlements.
According to Moscow daily Izvestia, the share has dropped to 46 percent, tumbling from 75 percent in 2018. The 54 percent of non-dollar trade is made up of Chinese yuan (17 percent), the euro (30 percent), and the Russian ruble (7 percent). [ link to www.rt.com (secure)] |
Anonymous Coward
User ID: 77766193
Canada
08/01/2020 07:26 AM
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Report Copyright Violation | Re: Russia & China speed up de-dollarization process: most trade no longer conducted in greenbacks Who is going to be America's tag team partner? |
Anonymous Coward (OP)
User ID: 79199824
Canada
08/01/2020 07:49 AM
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Report Copyright Violation | Re: Russia & China speed up de-dollarization process: most trade no longer conducted in greenbacks |
Anonymous Coward
User ID: 79211547
 United States
08/01/2020 08:07 AM
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Report Copyright Violation | Re: Russia & China speed up de-dollarization process: most trade no longer conducted in greenbacks Bitcoin backed by precious metals? |
