Discussions on a new China and Russia gold backed currency China and Russia have been discussing the possibility of creating a gold-backed currency separate from the US dollar. This article explores the potential implications of such a currency on the US dollar and global economy.
What would happen of the dollar lost its status as the petrodollar If the US dollar loses its status as the primary currency for oil transactions, it could have significant economic and geopolitical effects, including a decline in the demand for the dollar, a loss of US geopolitical influence, and greater complexity in the global oil market.
What happens if the dollar loses status as the worlds reserve currency? What would happen if the US dollar is no longer the world’s primary reserve currency? This article explores the economic and financial implications for the United States and the global economy.