Another step toward de-dollarization. How, as Nick Corbishley, this is not the final goal, which is the establishment of a new monetary system that ushers the Global South/East into the club from which the current arrangements not only exclude them but also submit them for control. This will take time and the process is not yet clear enough to be foreseeable.
Naked Capitalism
Brazil and Argentina Just Agreed to Use Local Currencies for Bilateral Energy Trade, In Yet Another Snub for US Dollar
Nick Corbishley
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