Bolivia is the latest country in South America to regularly use the Chinese currency in a growing challenge to the hegemony of the U.S. dollar for international financial transactions.
This problem will have to be sorted out. I need to look more into the BRICS plans. Maybe a system of X goods in one currency and Y goods in the other currency, so there’s a balance. Then a formula for deciding the ratio X:Y.
This problem will have to be sorted out. I need to look more into the BRICS plans. Maybe a system of X goods in one currency and Y goods in the other currency, so there’s a balance. Then a formula for deciding the ratio X:Y.