US Sanctions Forced Bangladesh To De-Dollarize Its Nuclear Power Plant Deal With Russia
korybko.substack.com
De-dollarization is indisputably the most important financial trend of this century thus far, though its ultimate culmination won’t lead to the yuan replacing the dollar, but complementing its role as the dual reserve currency. Countries are expected to have the choice of using either of them for commodities purchases, while bilateral trade will increasingly rely on national currencies instead of any third party’s, except in those instances where this isn’t mutually beneficial.
US Sanctions Forced Bangladesh To De-Dollarize Its Nuclear Power Plant Deal With Russia
US Sanctions Forced Bangladesh To…
US Sanctions Forced Bangladesh To De-Dollarize Its Nuclear Power Plant Deal With Russia
De-dollarization is indisputably the most important financial trend of this century thus far, though its ultimate culmination won’t lead to the yuan replacing the dollar, but complementing its role as the dual reserve currency. Countries are expected to have the choice of using either of them for commodities purchases, while bilateral trade will increasingly rely on national currencies instead of any third party’s, except in those instances where this isn’t mutually beneficial.