Just read in the news, but this is not really "new"..
It looks like Russia and China are getting together to end the status of the US dollar as currency of reference
In a symbolic blow to U.S. global financial hegemony, Russia and China took a small step toward undercutting the domination of the U.S. dollar as the international reserve currency on Tuesday when Russia’s second biggest financial institution, VTB, signed a deal with the Bank of China to bypass the dollar and pay each other in domestic currencies.
Sorry I cant post the URL
It looks like Russia and China are getting together to end the status of the US dollar as currency of reference
In a symbolic blow to U.S. global financial hegemony, Russia and China took a small step toward undercutting the domination of the U.S. dollar as the international reserve currency on Tuesday when Russia’s second biggest financial institution, VTB, signed a deal with the Bank of China to bypass the dollar and pay each other in domestic currencies.
Sorry I cant post the URL
via JREF Forum http://ift.tt/SrDoZG
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