In Multipolar World Gold Will Be the Common Monetary Denominator.

#gold #dollar #money #trade #india #UAE #currency

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Today we will look at how nations across the world are moving towards a multipolar world in terms of trade and monetary affairs.

Recently India and the U.A.E. have announced that they plan to conduct bilateral trade in their own currencies.

My conclusion is that gold, and not the dollar, will be the neutral reserve assets these countries will use to back or give their currencies credibility.

India, UAE central banks discuss rupee, dirham trade: https://www.thehindu.com/business/Economy/india-uae-central-banks-discuss-rupee-dirham-trade/article66183153.ece