checks USD exchange rates
Yep it's still the only currency that matters.
Checks Indian-Chinese relations
Yep they still have effective visa bans against each other.
So what is this BRICS club exactly? A dictionary club?
replies(6):
Yep it's still the only currency that matters.
Checks Indian-Chinese relations
Yep they still have effective visa bans against each other.
So what is this BRICS club exactly? A dictionary club?
That's what the US govt thought when it sanctioned Russia. It only resulted in Russia falling back to their local currency without any significant problems, while making the rest of the world wary of reliance on the US dollar
Ah yes, the yuan[1].
Though the way this is going, it might as well be the Russian local currency now.
[1] https://www.newsweek.com/russia-china-yuan-ruble-1912458