08-04-2023, 03:36 PM
(08-04-2023, 02:42 PM)A2Z Wrote: It makes sense to settle imported products with that exported country's currency than settle in USD. But what's missing is still hv to use exchange rate of USD vs export country s currency n USD vs imported county s currency to derive at a settled rate. So on paper no USD involved but still it's a reference currency. Highly dangerous what if eg China print print print lots of RMB to settle the trade with no gold backing. Isn't it back to square one?
You have to read more to understand the difference!
Or else ask the Russians!
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