4 ms·
What about just... not settling. Like instead, just keep track of which sides owes the other how many dollars, and ensure it doesn't get crazy imbalanced. Or ve
by im3w1l 5y ago
What about just... not settling. Like instead, just keep track of which sides owes the other how many dollars, and ensure it doesn't get crazy imbalanced. Or very similarly transact in dollar denominated Chinese/Russian issued bonds.
- lokar 5y agoThe flow won't balance out. One side will run a deficit, as that grows the other side will see growing credit risk. At some point you need to settle.
- webmobdev 5y agoKind of like bartering. India and Iran did something like that, when Iran was sanctioned. Both India and Iran kept track of their foreign trades and issued payment locally. India is also going to do something like that with Russia, if sanctions increase.