VCheng
ELITE MEMBER
- Joined
- Sep 29, 2010
- Messages
- 48,460
- Reaction score
- 57
- Country
- Location
Apart from more than half a trillion dollars oil and gas deal, good portion of it bypassing USD. Russia floating Yuan bond. Russia has deal with Iran to buy $3 billion worth of oil from Iran pay with its currency and/or goods.
Venezuela, Iran Iraq, and even Saudis will switch (part of their oil proceed) from USD.
Looks like wana be american is far off from reality of today.
And yet, despite all this "bypassing", Russia's economy is nearing collapse due to sanctions. That is the reality. Please do tell me when the other countries you mention actually make such a switch.
May be next week, if not then then surely the week after?