China, Brazil strike deal to ditch dollar for trade
www.straitstimes.com
It's Beijing’s latest salvo against the almighty greenback. Read more at straitstimes.com.

China and Brazil have reached a deal to trade in their own currencies, ditching the US dollar as an intermediary

The deal will enable China, the top rival to US economic hegemony, and Brazil, the biggest economy in Latin America, to conduct their massive trade and financial transactions directly, exchanging yuan for reais and vice versa instead of going through the dollar.

:xicko:

Now the Belt and Road Initiative, please

  • stinky [any]
    ·
    2 years ago

    but it was even used by the US government to help them understand their own financial domination.

    This is so darkly humorous. They don’t even know what they did, huh.

    Thanks for the rec and the explanation!