“Nobody but nobody is going to be dumping dollars as a reserve currency”
Russia and China have agreed to do so.
“Nobody but nobody is going to be dumping dollars as a reserve currency”
Russia and China have agreed to do so.
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no they haven’t. what they have agreed to do is to NOT use dollars for trade between them—but rather their own currencies. the dollars they have in their bank vaults remain there as a store of value like gold.