[Scythian]

Russia and the other 'BRICS' countries are working on an alternative reserve currency that would rival the IMF's SDR. Sputnik/Alexey Nikolsky/Kremlin via Reuters

Russia and China are developing a new reserve currency with other BRICS countries, President Vladimir Putin said.

The basket currency would rival a US-dominated IMF alternative and let Russia widen its influence, an analyst said.

The dollar's dominance is already eroding as central banks diversify into the Chinese yuan and smaller currencies.

[Scythian]

..

IF Singapore leaders did not imposed sanction on Russia, SGD strong  potential to be considered as one of reserve currencies.

Notably, SGD is fully backup and supported by 4 mio CPF members lifetime savings.

It's too late now.

[lvlrsSTI]

That’s bad news for Uncle Sam, if USD loses world domination the U.S. is finished

[Huliwang]

Like that Kokee how? Will he bark non stop again... LOL LOL.......

[kokee]

all these morons, speechless.
so easy? china & russia? these are all not free float currency, all these know nut dogs.
If can replace, which country dont want to be reserved currency.
all these dogs bark from ass 7/24 to reflect their pea brain & now nut only.

[watchfirst9]

BRICS
https://www.daily-sun.com › post › 628537 › BRICS-developing-new-global-reserve-currency-–-Putin
BRICS developing new global reserve currency - Putin
1 day agoPrint news. President Vladimir Putin said on Wednesday that the BRICS countries - Brazil, Russia, India, China, and South Africa - are currently working on setting up a new global reserve currency. "The issue of creating an international reserve currency based on a basket of currencies of our countries is being worked out," he said at ...

, Africa, Latin & S America, have all start slowly but surely use less UsD to trade.

Asean also moving more to bilateral currency swaps,
https://www.msn.com › en-xl › news › other › us-dollar-is-no-longer-king-as-asean-adopts-currency-swaps › ar-AAUGT0r
US dollar is no longer king as Asean adopts currency swaps
Such bilateral currency swaps, as they are called, will help strengthen their economic integration, especially among member states of the Association of Southeast Asian Nations (Asean), and ...

Biden admin kick Rus of Swift has accelerated the pace.
Powell already expressed he is not consulted by Biden administration moves to kick Rus out of Swift.

One reason money not flow back as fast as the past to Us market, but
UsD still strongly use in bonds and debt market, unless they make more mistakes.

[Scythian]

That’s bad news for Uncle Sam, if USD loses world domination the U.S. is finished

It's time to change the USD

The most indebted country, US

[Niubee]

It's time to change the USD

The most indebted country, US

Yen is another Ponzi

[Scythian]

That’s bad news for Uncle Sam, if USD loses world domination the U.S. is finished

Whenever US imposed sanctions on certain country, it created loophole in trade and currency exchanges eg Russian Ruble strengthened.

Despite US sanction,  Sudan still sells crude oil in GBP (avoid USD) and payments thru banks in London.
Eg over many years, Singapore's OK Lim bought cheap oil from Sudan.

[kokee]

all these morons, speechless.
so easy? china & russia? these are all not free float currency, all these know nut dogs.
If can replace, which country dont want to be reserved currency.
all these dogs bark from ass 7/24 to reflect  their pea brain & now nut only.

all tese moronc here, give russia & china another 500 yrs, also cant make it.
now russiaa & chin are isolated from the world.
china buy oil from russia, not saudi, what petrol $$ using RMB also BS, saudi F china to hell.
Iran? wait for few more months to see how Iran F russia & china.
who else will join these 2 axis of evil of the world, yet still think of reserved currency? all these know nut here, wet dream 7/24.
why dont all these dogs here sell all their asset & convert to RMB as their reserved, my foot, all these liars con or brainwash morons here but they themselves will never.

[Scythian]

..

The world needs an alternative to give people a better choice and provides competition.