RUSSIA & CHINA New Reserve Currency Crashing The USD?
✅ Subscribe to us → [ Ссылка ]
🔔 Turn on notifications to never miss a new upload!
About:
Russia is ready to develop a new global reserve currency alongside China and other BRICS nations, in a potential challenge to the dominance of the US dollar. President Vladimir Putin signaled the new reserve currency would be based on a basket of currencies from the group's members: Brazil, Russia, India, China, and South Africa.
"The matter of creating the international reserve currency based on the basket of currencies of our countries is under review," Putin told the BRICS Business Forum on Wednesday, according to a TASS report. "We are ready to openly work with all fair partners." The dollar has long been seen as the world's reserve currency, but its dominance in share of international currency reserves is waning. Central banks are looking to diversify their holdings into currencies like the yuan, as well as into non-traditional areas like the the Swedish krona and the South Korean won, according to the International Monetary Fund.
"Copyright Disclaimer Under Section 107 of the Copyright Act 1976, allowance is made for "fair use" for purposes such as criticism, comment, news reporting, teaching, scholarship, and research. Fair use is a use permitted by copyright statute that might otherwise be infringing. Non-profit, educational or personal use tips the balance in favor of fair use."
About Us:
The Golden Standard is the #1 finance channel for everything within the financial world. We talk about how the economy really works and go down to the basics on how money work. We also show you how the wealthy use their money whether it's investments or luxury cars & mansions.
Hashtags:
#russia #china #chinareservecurrency #2022 #useconomy #stocks #funds #money #moneyexplained #usaeconomy #currency #bitcoin #nio #tesla #ethereum #cbdc #market #marketcollapse
RUSSIA & CHINA New Reserve Currency Crashing The USD?
Теги
RUSSIA & CHINA New Reserve Currency Crashing The USD?chinarussiaglobalreservecurrencyfinancialus dollardollarcbdcinternationaldigitalassetseconomyinflationputinxi jinpingbitcoincryptocryptocurrencystocksfundsinvestinginvestmentus economychina economywill chinaswill chinas economy collapsewill chinas economy overtake the uswill chinas economy crashchina housingchina housing marketchina housing crashchina housing crisisdollar crashnews