There have been multiple accounts created with the sole purpose of posting advertisement posts or replies containing unsolicited advertising.

Accounts which solely post advertisements, or persistently post them may be terminated.

nasdaq.com

frauddogg , to worldnews in The BRICS nations, originally comprised of Brazil, Russia, India, China and South Africa, are looking to establish a new reserve currency backed by a basket of their respective currencies.
@frauddogg@lemmygrad.ml avatar

dedollarization goes BRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRR(ics)

davel , to worldnews in The BRICS nations, originally comprised of Brazil, Russia, India, China and South Africa, are looking to establish a new reserve currency backed by a basket of their respective currencies.
@davel@lemmy.ml avatar

This article seems to imply that this would be just another currency, but I suspect it’s a Bancor-like unit of account for international balance of payments, and not a currency for everyday transactions.

yogthos OP ,

Yeah, that’s the impression I get as well. That seems like the most likely scenario to me because I don’t think any BRICS countries would want to have a single country’s currency replace the USD. Having a Bancor style currency that’s used strictly for settlement and not owned by any country is a much more palatable solution. Especially given the tensions China and India have.

frauddogg ,
@frauddogg@lemmygrad.ml avatar

and not a currency for everyday transactions.

For now 😌🙏

huf ,

i would hope that, having seen what the euro is like, no sane country would ever choose to voluntarily hamstring itself again by giving up control of their currency

imnotfromkaliningrad , to worldnews in The BRICS nations, originally comprised of Brazil, Russia, India, China and South Africa, are looking to establish a new reserve currency backed by a basket of their respective currencies.
@imnotfromkaliningrad@lemmy.ml avatar

the pace of dedollarisation recently is making me extremely hopeful

yogthos OP ,

It’s a self reinforcing phenomenon. The more countries free themselves of the dollar, the easier it becomes other countries to do so going forward. Now that BRICS is a bigger economy than the G7, the economic incentives favor it for countries that are forced t chose between these economic blocs.

  • All
  • Subscribed
  • Moderated
  • Favorites
  • •
  • random
  • lifeLocal
  • goranko
  • All magazines
    •