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Economics , Sociology & Politics / Re: BRICS+
« Last post by DrBeer on Today at 09:18:04 AM »"trade in local currency" means no $
China... Kenya... India... Indonesia... S. Korea
Hugeblack, are you aware of the giant steps your country is making in de-dollarizing its international trade?
Guys, so the whole point of BRICS is de-dollarization ? So it's an alliance against something ? An alliance to cover itself with pretty words to do what? To dedollarize the world economy ?
I always thought that alliance is about creation, creation of something good, like strengthening and development of economies of countries, not fighting against ... other people's success !
Who can really explain, only reasoned, and show what is the problem of the dollar as an international currency, and what REAL advantages you get for example trading for yuan ?
It is possible even on a live example, with UAE and China, it will be the most demonstrative But not with “fantastic ideas”, but with a real example of trade turnover of both countries and mutual benefits ?
A bit above I have already considered this example from my side, probably I am far from the truth and you can show other information ?
PS by the way, a question to the “fighters against the dollar” - tell me, what prevents you to simply take and ban the dollar in your countries ? Also with arguments and facts It looks strange to fight against the dollar, but ZVR - in dollar, credits - in dollar, personal accounts of elites - in dollars.... Something I do not understand - why if there is a beautiful, for example, yuan, right?