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https://think.ing.com/opinions/brics-the-new-name-in-reserve-currencies https://think.ing.com/opinions/brics-the-new-name-in-reserve... BRICS is creating a bas
by citilife 4y ago
https://think.ing.com/opinions/brics-the-new-name-in-reserve-currencies https://think.ing.com/opinions/brics-the-new-name-in-reserve...
BRICS is creating a basket of reserve currencies and building / built a competitor to SWIFT.
https://www.businessinsider.com/china-russia-alternative-swift-payment-cips-spfs-yuan-ruble-dollar-2022-4?op=1 https://www.businessinsider.com/china-russia-alternative-swi...
> And I don’t understand why you comment so much about Russia, this is about China, no one cares about Russia
Because, as I stated, Russia and China signed a strategic partnership? They basically created an Eastern challenge to EU/NATO. They also are self-contained in that they can trade easily and can be less dependent on the West.