Post
Topic
Board Economics
Re: New currency from BRICS countries
by
DrBeer
on 22/07/2023, 06:12:20 UTC
....

Because as long as you can answer my question, you will get the question you are asking me.

Well, as pooya87 said, I'm not correct in saying that they have eliminated USD in international trade, but they are reducing their reliance on it and things are still going. You are just trying to argue and always think you are right, you have no proof that what you say will definitely happen. Therefore, I do not want to argue at length because everyone has their own arguments and stubbornness, even if we are wrong, we will never admit it. So I like to let time answer all, I don't rush to conclude who is right and who is wrong, I have enough time to wait with you.

That's the problem - you're wrong Smiley
They have NOT eliminated dollars from international trade. They still trade with the rest of the world in dollars. Because, for example, China cannot buy Western technology for yuan. And Russia can't buy anything of quality for their rubles Smiley)
And if you do not read the ramblings of "experts" like the one you quoted. like the one you quoted, and really study the subject area, you will realize that there was a partial replacement and not by the common currency of BRICS, but by yuan, and not to replace the dollar, but to "pump" the problems of the Chinese economy on these unfortunates Smiley)
PS. I also recommend to study, for example, the formation of China's reserves, where the growth of investments in U.S. securities, as well as hysterical attempts of Russia to get at least some currency instead of yuan and rupees.
I applaud India - to "divorce" Russia in such a way is a financial show of world scale Smiley