New Trade Strategies For 2023?
China and Saudi Arabia considering trading oil using their own currencies, like the yuan. But this often fails because limited use of the other currency creates problems. A solution could be using a shared currency for trade among multiple countries, avoiding these issues. For example, Russia could use this shared currency from China to buy from Argentina.
Watch more of this short video from Jim Rickards: Western Economies About To Slam Into A BRICS Wall?
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