Brazil nixes BRICS currency, eyes less reliance on 'mighty' dollar
Brazil nixes BRICS currency, eyes less reliance on 'mighty' dollar
www.reuters.com
reuters.com
7 comments
7 comments
Brazil nixes BRICS currency, eyes less reliance on 'mighty' dollar
reuters.com
If it's bad for the dollar it's good for the world.
If it's bad for oligarchs and the Vanguard it's good for the world. They'll use whatever currency they want it doesn't have to be the dollar. That said the world shouldn't be dependent on a currency they don't control. Whether it's the dollar or the. yuan.
A bit better than having a one single currency dominating virtually all global trade, but only so slightly.