global economy Articles

global economy Tag Articles

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.

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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.

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