De-Dollarisation: Argentina to Pay China in Yuan | Vantage With Palki Sharma
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- Опубликовано: 24 май 2024
- De-Dollarisation: Argentina to Pay China in Yuan | Vantage With Palki Sharma
The domination of the US Dollar is being challenged again. Argentina will pay for Chinese imports in Yuan. Does the Chinese currency pose a real threat to the greenback? Palki Sharma tells you.
De-Dollarisation | Yuan | Joe Biden | USA | China | Argentina | Brazil | Chinese Debt Trap | World News | International News | Latest News | Trending News
#yuan #dollar #china #usa #vantage #vantageonfirstpost #palkisharma #firstpost #worldnews #globalnews #latestnews
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Can the Yuan challenge the dominance of the US dollar?
Leave a comment and let us know your thoughts.
yes the chinese are more intelligent than judeo christians
It is will give the US something to seriously think about and how it csn improve the way it trade with other nations. A chance to do better for everyone and receive the benefits fairly.
Temporarily... But that's bad for China in the long run. It's better to have a bloc currency take on the role of global reserve currency rather than that of a single nation.
@@kuanged yeah right. USD was real bad for the USA😂
@@bobdoe38 Yes it was. Eight decades of living better made the Americans SOFT. Now, they don't know how to weather the hard times that are coming. Soft people experiencing extreme privation are prone to violence, and civil unrest. The nation may not survive. What's good about eighty years of living beyond your means when it ends with the destruction of your nation, your culture, and your pride?
Who would want to have reserved dollars if USA can freeze it anytime
Why do you think China will act differently when it has the power?
@Dan Harold why do you think this without any proof?
@@jinoz8560 no need of any proof. China believe in force and dictatorship if things didn't go well.
@@danharold3087 the difference is US has done it while China hasn't. We can only judge by what has happened not by what will happen.
@@jinoz8560 China is run by a dictator. He answers to himself. The PBOC ultimately answers to him. The US federal Reserve Bank is not a government institution. I know that sounds strange but it is true. Xi Jinping will do what is best for China. Do not doubt that.
May God rescue the world from the calamity of USA and it allies
So who will save us the Genocidal CCP 😅 If your not on the CCPS payroll you should be
The evil racist colonialist genocidal demons utterly destroyed my African people. The Chinese have been a saviour and an effective counterweight to the self declared “superior race”
Amiin
God has already switched to the Yuan as well!
@@squidster3128 🤣🤣🤣
The Yuan is climbing gradually to the top
hoping to destroy dollar and US hegemony. they destroyed IRAQ by lying of weapon of destruction.
Honestly I don’t think China’s rise is good for Africans. Let’s hope they’ll not kill all Africans after their rise
Huh!!
🐉🇨🇳🇨🇳🇨🇳👍👍👍
😉😉😉
@@kenokingbee3650 that shit is literally not going nowhere 😂 but aye w.e make you sleep well at night
A lot of people don't understand what China's currency swap is. It is like swapping $10 Billion China RMB goods/Services with Argentina predetermine set amount of exports. This way, devaluation wouldn't be an issue because both sides have set agreement. It is more like back to barter system. Now you would ask, what would China do with all the excess foreign currency (Rupee, Brazil.. etc), well China's 17 Trillion dollar economy can easy absorb all other currency trade and redirect all trade from different nations. The US Dollar would not disappear, it's dominance would just diminish over time just like the fate of British Empire Pound sterling. Now let's break down the Rupee currency role. India is a deficit account economy, meaning it spends more than it produce. So when other nations get a hold of excessive Rupees, they would just convert it to other more solid currency such as Euro, USD, RMB. The only way Rupee can escape the depreciative fate is if China would agree and willing to keep Rupees in their Central Bank reserve but that's not likely. Lastly, China would reinvest the excess foreign currency back into original nation as in joint business venture, future developments etc. This way, everybody gets a fair share of the pie and be prosperous.
China is the largest trading partner to 139 countries, so it's natural that they would use the Yuan for trade. What can you do with the rupee?
If u want to mass export anything to the biggest market, U need to have Rupee 😂
keep watching
China without European & American companies factory in China will not remain largest trading partner of 1st world. That will be taken by India just like Apple is snatched. Rest Indian Vehicle companies r dominating Chinese companies in Africa & Latin America.
What Europe and American factories? The only one that’s solely own by foreign companies in China is Tesla. Everything else are joint ventures with Chinese ownership.
@@zsarimaxim692 Nah kid, its not Joint venture. Just like Foxconn of Apple isn't joint venture in China.
Great for China 🇨🇳 and Argentina 🇦🇷 👏
They are back on the dollar
Venezuela should join too
Ukrainian war teachs me Argentina and Brazil are not so rivals as I have imagined. Congratulations from Brazil (until for argentines).
Nunca lo fueron xd sacando el fútbol. Argentina y Brasil son socios comerciales desde decadas
@@mj.takuma7775 , eu não digo que nunca foi, mas realmente faz décadas que a rivalidade está só no futebol. Abraços.
The one that has the goods, sets the price and the currency. So it's up to the buyer to get the required form of payment to exchange for goods. Fair enough.
A seller can specify currency. The buyer can agree or go elsewhere.
Well it depends on both the buyer and seller is it? Plain simple 😊
God Bless Argentina & China 🇦🇷🤝🇨🇳
Great news
Yes, Chinese currency will keep moving forward!
No serious economy considers Chinese currency.
@@ppen8359 well this is entirely up to the various countries too. Based on your comments, seems like more and more ppl are getting serious abt it 😊.
@@gwo-shyanhan1188 You are so clueless. What really matters is major economies and not a lot of countries. Major economies do not give a damn to either Chinese currency or Indian currency.
@@ppen8359 well I don't think countries are that clueless as you assume them to be. You are right that the major economies do carry a lot of weight but I think you ignored the fact that ppl at large wanted to mitigate the risks of using US Dollar, well at least as much as they could 😊. A little is better than nothing you know 😊.
Every body will laugh if Pakistan declares that pak is swiching over to yuan.
This will stabilise Argentina economy and increase win win trade
Argentina needs to fix Argentina.
High inflation. Argentina has a long history of high inflation, which makes it difficult for businesses to plan for the future and for people to save money.
High government debt. Argentina has a high level of government debt, which makes it difficult for the government to borrow money and finance its spending.
Weak currency. The Argentine peso has lost a lot of value in recent years, which makes it more expensive for Argentina to import goods and services.
Political instability. Argentina has a history of political instability, which makes it difficult for businesses to invest and for the government to implement economic reforms.
Economic mismanagement.
The world could trade in cow pies and it would not help Argentina
I don't think China wants to replace USD with yuan as the world currency. It takes many changes in currency control and issuance of bonds that can be traded anywhere in the world. However, the BRICS countries all want dedollarization in support of a multipolar system other than following the US rule based system. Can probably benefit from savings on conversion to USD and reduce the amount of US bonds just in case of a sanction if the US is displeased with you. Putting gold in your own vault is a lot safer than putting your surpluses in the US Treasury
Sounds good. Just don't fall for using land to back money.
Well, there you go.
Didn't the Euro try this a few years back?
It's not your western banking system
If the Yuan is adopted as a global currency, its demand will rise and cause it to strengthen. For China, it means its manufacturing will become more expensive and globally uncompetitive. China doesn't want that. This is why it has been manipulating its currency for decades keeping it artificially low.
China been transforming into service and value added economy. Not low cost labor manufacturing anymore. The low cost labor intensive manufacturing been relocated to vietnam, southeast asia, africa, etc. Manufacturing in china is now using AI & robot. China is exporting infrastructure project to recover the lost from low cost labor manufacturing relocation.
It's like japan , relocated their auto manufacturing worldwide, only keep high value added and advanced manufacturing in house
Global currency? 70% of trade happens in North America and Europe and no one there gives a damn to Yaun. Global currency will always remain as US dollar.
@@ppen8359 nothing will stay the same forever dude, not the US Dollar and not anything else.
@@gwo-shyanhan1188 It will stay same for ever. There is no country in the world that will sail its Navy all over the world like the USA. That world wide presence is what makes US dollar stable because US can act against any threat to it currency and that too globally. No other country comes even close.
@@ppen8359 well nothing stays static forever dude. If you saw the Chinese fleet in the 14th century you would think so too at that time 😊.
I am surprised Palki had something positive to say about China today.
😂😂😂😂😂😂😂😂😂
There is nothing to be surprised. She states facts.
😂😂right
Are you a Communist and feeling happy about it.
She changed her position ever since she joined this channel
Nothing would stop the De_ dollarisation in few years to come , because is the new future said most now analysts period .
Congratulations Argentina from fellow Bangladesh 😌🙏
Dollar as reserve/trade currency won't go anywhere anytime soon. But there is a saying: "Die with a thousand cuts". We, the Global South, look forward to 'the tipping point'.
Indeed. I say in about 5 or 6 years we'll see it.
Careful what you wish for and yes there is no contender to replace the $
@@johndoe-vc1we countries are now dumping of dollar. wake up little suzie!!
@@wilfredocortez8327 i hears the same thing about the Russians and yuan
@@wilfredocortez8327 Everybody knows that. But what few know is what will happen to international trade in a post dollar world. That is why you must be careful what you wish for. Propaganda has made the US out to be the root of all evil. Countries buying this are past logic and are likely to suffer for it. Not at the hands of the US but the people who made the propaganda they swallowed.
I support yuan 👍👍
Must be hard for Palkee to report this. She just can't handle the fricking TRUTH!
Palki and her boss only love BJP and Russia…
China is Largest trade partner to more than 100 countries.
Make sense to trade in Yuan rather than exchange loss and risk with US$
One mistake: the ratio of trading in Yuan in this video is according to the data from SWIFT, which does not include the bilateral trade between China and other countries. Since these bilateral agreements are intentionally to bypass the SWIFT system.
Finally there is someone realized the reality. Now IMF can't trace China trade volume and flow 😁😁😁
CIPS
As an importer of materials from China I would much rather not have to pay in US$ the sooner the better the US has screwed other countries currancys for decades hand breaking there development and infastructure
And what would you use instead? won't yu have to hedge the risk with other currencies and this is where you will realise your mistake 😊
I'm debt free I I sell to China and pay in China what's so hard about that
Keep going Brics...
You doing great..!!
Someone came to the US from Pakistan and brought $10,000 worth very old beat up US currency. He had no problems buying goods with it for export to Pakistan.
Only the US has not demonized its currency for more than 200 years.
Every other currency is trash compared to the USD.
USD cash is still king.
I didn’t know that the rupee’s the new kid on the block I must have slept that long
Indian rupees going global
₹: stop kidding me
She always cries like this
@@afsal235 how many countries accept PKR?
😂😂😂
@@nyxawesome9409: not even pakistan 😂
Moron. It is , 18 countries already accepted rupees
En Argentina nací tierra de diego y Lionel de lo pibes de Malvinas que jamas olvidare🎶🎵🎶
The goal is not to replace the dollars, but to set the trend.
Not replace the dollar with RMB, replace the dollar with every other currency of the world.
I agree I have rolls of the Yuan in my bathroom 😊I keep it in reserve there 😂
don't worry... soon you will have lots of dollars to use there. 😆😆
LOL, most people keep dollars in the bathroom for wiping purposes.
Are you a woke child 🤣🤣🤣
I'm from Pakistan, and I appreciate your channel in quality of presentation. Electronic media channels take more time to describe than u, because they have to transmit 24 hours. Your analysis r short but wide in understanding.
Thank you for sharing. So interesting. Watch out for India and china
Great news to Argentina. Things like cellphones, computers, electric vehicles … would be too unaffordable at dollar exchange rate to Argentinians. China makes most those things in the world at lowest prices in Yuan.
Argentina changes 10 billion dollars into yuan. India better look out.
What India has to do with it ? Argentina buys Indian vehicles with Yuan or Dollars is not Indias look out.
Is not really like that, I'm from Argentina and the Yuan swap is not an exchange from dollars to yuan at all, is just part of and agreement that was done years ago where Argentina have in their reserves the Yuan and China only let it use it for emergency, so that Chinese currency was already in our reserves since then, now Argentina reserves in dollars are low so, technically we spend the US dollars reserves and now we will spend the Yuan till also go down and we don't have more, we not use Yuan at all, so no one here will rebuy Yuan to fill again that Yuan Swap, what surely will happen is that money will go to buy dollars
Hahah this is what happens when everything says “MADE IN CHINA” way to go America
North America is beginning a new industrial revolution. There are factories going up in all of USMCA. Cars chips etc.
Good for Argentina and may god be with them in their recovery
China did not declare war on the greenback. So, don't put words into China's mouth. China just find it wiser not to use US dollar for its transactions. That's all.
I have been buying some stocks since the beginning of the year, but nothing substantial. Why am I treating this poorly? However, people in the same profession are earning six figures on articles, which inspires me to aim toward becoming the first person in my polygamous family to hit the million dollar mark. I am perfectly aware that working harder to gain more money is expensive.
The market has taught me that it always bounces back, but I can't seem to concentrate in the long term when important issues like my retirement and my reserve are destabilizing inflation. I must have a strong data trajectory and a quick answer.
Nothing you're doing is wrong; you simply lack the knowledge to profit in a bear market. The only people who may earn greatly during dangerous times like these are professionals with vast knowledge who must have observed the 2008 crisis.
@Oliver Dean The adviser I'm in touch with is *"JAMES GIFF GIFFORD"* Hayes. he works with Merrill, Pierce, Smith incorporated and interviewed on CNBC Television. You can use something else. for me He strategy works hence my result. He provides entry and exit point for the securities I focus on.
Yuan will not last people. All these countries that are using Yuan will regret it.
There is no way the will believe you. When it all falls on their head they will blame it on the USA.
huffing COPIUM much ?
Excellent !!
Great move
Countries should join forces let's fight for a multipolar world
Great reporting as usual Palki thanks!
It would be interesting to get a story on the Indian scam centres. Any willingness to look into that, Palki? I wont hold my breath.....
oh man I live in the US I receive scam phone calls from India every day :( sometimes I just answer "I'm from India too" with an Indian accent :)
CCP bots are frustrated it seems
It's just like western cam wh*res.they're using holes we're using brain. If you're smart you wouldn't fall for it .
@@JJ-iz4tp really every day?
Lol have you got scammed?
Wow
after the polish move on russian money everybody will change
So good Argentina❤
Yuan will take over very soon..
Scary😱
@@ronden3950 COPE harder !
Well, people seem to be celebrating the de-dollarisation of world trade, and the yuanization of global trade. But wait till more countries accept to trade in yuan, and then the Chinese government would start printing as much yuan as it would like to make its payments and settle its debts! It will be fun to watch! Don't forget the yuan is state-controlled and non-convertible. A similar thing could happen when more rupeenization and roubilization takes place.😅😂😊
You are missing the point the BRIC countries, "C" for China, are proposing a currency backed by gold not a Fiat currency. The only way to print new money is then to obtain more gold to back up the new ones printed. By the way Fiat is no the "Fix it again tootsie" Italian car.
The origin of the word fiat in English is connected to the origin of the world itself. Taken from the Latin meaning “let it be done,” this word appears in the Latin translation of Genesis, the first book of the bible, when God proclaimed “let there be light” (fiat lux). As a result, many early uses of fiat were biblical allusions, as in John Donne’s 1597 poem The Storm. In it he writes that there will be darkness unless “God say/Another Fiat.”
Lol... Sour grape natzi angl0 regime parrot cries😂😂😂
@@waltbroedner4754 The BRICS gold standard is an interesting idea 🤔, but whether it's implementable and sustainable is a different ball game altogether. The world adhered to a gold standard in the past, remember? As of 2022 none of the world's currencies adhered to it. And if strong developed economies in the West could not do it, it's these BRICS countries, led by authoritarian China and Russia, who claim they can do it? Man, it's going to be fun to watch⌚.
China wont do the mistake US did. Uncontrollable money printing will backfire one day. China become rich because they are smart 😁😁😁
@The Sultan. I never said it was ok. I am only reminding the jubilating ones that moving from dollarisation to yuanization may just be a shift from "colonisation" to "neo-colonisation," if I may freely use those terms. 🇺🇸....🙂....🇨🇳 People should never doubt for one moment that what the US does, the Chinese would never do if they had the chance.
That is exactly why countries are doing business with China, China has plenty of goodies to export, it is the manufacturing staple for the whole world, and is willing to deal with even faltering economies like Argentina's. The Chinese economy supposedly is only second to the US which has the largest debt of all countries, and trying to "raise the debt ceiling" before it DEFAULTS. The US debt equals the GDP of China, Japan, Germany, and the UK COMBINED!!! China is doing extremely well, it handled the pandemic correctly, it "chose wisely" with its economy barely touched. On the other hand the US IS BROKE, it OWES $31.72 TRILLION, SO MUCH THAT IT must pay $1.3 BILLION in interest payments EVERY SINGLE DAY. Why would anybody trust the monetary system of such a country? The writing is on the wall, and most world countries are becoming aware of it. Meanwhile the Chinese helped many countries during the pandemic, are building infrastructures in third world countries without imposing sanctions or building military bases or instigating coup d'tats, or declaring wars, or stealing natural resources. The greatest most beneficial infrastructure ever attempted in the history of the world is China's Road and Belt Initiative. You know a country is on top when all the lesser countries can only bad mouth it and invent faults with it.
Good presentation, as always, by Palki Madam 👍
Wow, Argentina, if China keeps this up they will have every loser on their side. Sounds like a strategy to succeed to me!
It actually is an amazing strategy for success. You don't think so?
Usa is biggest loser
Wow. Well, let us see, the greatest looser of all, the US, is not on China's side. The other losers, as you call them, are improving their lot by doing business with China, not being robbed as it has been with the other world power and its 800 military bases around the world.
You must not live in America or you are rich.
😂😂Sour grape angl0 regime parrot cries foul😂😂😂
well done, even we in EU will pay the price as US always sacrifices its Vasalls first....
Yeah, the US attempt to start WW3 will hurt you guys more than it will hurt us here! 🤣🤣🤣🤣Biden even said it, we prefer the war to be fought someplace other than here in the US. You politicians are eager to shed your blood to protect the US dollar.
not only China but many countries are dropping dollars. India and China are discussing that their future trade will be done with their own currency.
Well not wondering guys Next will be india to adopt the yuan 😂😂😂😂 wait and see bcoz china has 110 B$ export to India
It’s not Yuan beat Dollar. It’s Dollar beat Dollar.
actually is more like every other currency beat Dollar.
Even if twenty country's dump the dollar it's fine cause most country's will still use the dollar
You obviously don't understand what *CONTAGION* is....
😆😆
Even the countries who say they have dumped the dollar will use it when it is to their benefit. The pocket book knows no loyalty,
Hundreds of countries are dumping the dollar now that there are alternative that make trade cheaper.
That's based on SWIFT calculation, where most of Yuan transactions are not in
China is running out of dollar reserves. It needs to get countries to accept their currency before they are exposed. If they can get countries to use Yuan they can print as much as they need.
You've made an interesting observation, bro. Besides, the yuan is non-convertible.
No, China has huge trade surplus every year, that’s why China can lend dollar to other countries because it cannot spend all and doesn’t want to buy US debt anymore.
@@palmj5718 No, it all evaporated. Right before COVID lockdown. They also have far less gold reserves than originally thought. They are currently borrowing foreign reserves from Hong Kong to fulfill needs.
@@chillxxx241 Yeah right😂
@@blokin5039 They just past a law to keep foreigners money and not allow it to leave the country. They are bracing for a huge banking collapse. One of their provinces, Guizhou, just went bankrupt and it is going to start to ripple. The median home price is 36 times the median income. In comparison; during the last HUGE real-estate crash US homes were only 6 times the median income.
it will be one evil replaced with another
Money is the root of all evil.
Ever asked yourself why the Chinese currency make headlines when a country decides to use it but no news on Japanese Yen, indian rupee, Euro, pound even rubble? Why only China?
To convince u China is at war with you
Great news!
We can feel the pain in Palki during reporting the positive side of China and its growth.
Kyun Bengali loves communism?
May Allah SWT bless Argentina and Chile and it's beautiful people from Pakistan 🙂. As a Pakistani I fully support love and respect Argentina and Chile and it's beautiful people from Pakistan 🙂
Sab kuch lullah hi karega
Tum kya karoge bhai
Do you knows why..chile/Argentina just beautiful countries...beacuse is not Islam nations
@@ravidindial1483 why are you dragging islam in to this matter
@@ravidindial1483 😂😂😂
@@afsal235 Bcs u ppls target is to convert Latin Americans using their situation.
Why not Indian rupee? How is this helping India ? DeDollarization may not necessarily be good thing especially if the currency replacing dollar is yuan.
Actually there will be a basket of currency accepted. Trading in the dollar makes trade much more expensive. It keeps the third world mired in poverty. Getting rid of the US dollar will help many countries. You do understand that countries have been forced to use the dollar in cross border trading, it is not voluntary. A country faces severe punishment via SWIFT any time it disobeys US orders.
So be it! The world will end up like the Tower of Babel….and we know what happened to it, don’t we?
An expensive tower. Costs money each time you change currency.
It will be better than US domination which keeps nations in poverty.
Why not use rupee as currency?
Why not, Argentina should get loan in RUPEES from RBI /Govt to trade with INDIA
@@prabhakar0076 Argentina is not eligible to get loan. Neither India does debt trap policy to loot natural resources of other countries like CCP China.
Because trade with China they pay Yuan, if buy from India then use rupee.
But it wont solve any problem as long as the value of exchange currency is based on demand supply of money.
BRIC need to find solution for that
How will Argentina get its yuan in the first place? Is Argentina going to print its own yuan?
Credit from China 😂 instead of IMF bcos inflation in Argentina, Europe is 2x gdp😂,they can't trust Dollar.
Next they also like to trade in RUPEE, loan from RBI.
DOLLAR is really finished😊
Through currency swap.
Soja peces litio y garras de pollo
@@aldaman2725 Argentina is having a hyperinflation. Argentine peso is quickly losing value. Swaping toliet paper for RMB is a very good deal for Argentina, but very bad deal for China.
I’m surprised because banks in China are going bankrupt. If the citizens find out won’t they be angry?
Love it can’t wait to see dollar drops
Good explanation..
Palki lie again....1.3% lol.....even 2 years ago it had been more than 2%
According to data from wikipedia, it stated that it had reach 3.5% in 2022
Last night i heard a western analyst said it has reached 4%
Indians are jealous of china, that's why she acts as a propaganda machinery 😄
Bravo!! 🎉😊
The funny thing about that is America's money is still the world's most powerfulest currency 💲😏
Firstpost is growing so fast. All credit goes to Palki Sharma. 🎉❤
Why would anyone use the Indian rupee? India's not even a trading nation
Yeah. Says Nana🐷
Chinese are born stupid or they are trained to be stupid.
To buy Indian products & weapons & software & services & medicines.
Topic is yuan. Where did rupees came into discussion
@@ganeshr4371 topic is dedollarisation....
countries will us RMB when trading with China, ruble when trading with Russia, rupee when trading with India, Real when trading with Brazil, and so on.
is not about replacing the dollar with RMB, is about replacing the dollar with every other currency.
Fast forward to year 2090 “the dollar will be dead in 10 years” 🙄…
Palki I have great respect for you but this anti dollar and yuan promoting news is not good for India in the current prospect, I guess. India is in big loss by trading with BRICS nations and we are at surplus with US and EU. Even though dollar is causing problems of its own and Rupee is in very early days to be meaningful. I feel sticking to dollar in the current scenario for India will be the best option. So stop promoting yuan
Good try pro-western dog.
@@denisgorjunov304 If u think India will trade in Yuan ur living in fools paradise.
@@surojeetchatterjee why not?
@@denisgorjunov304 Its not in Indias profit that's why. Neither China is strategic partner of India nor economic, China chose to be a rival, so rival it is. China is a burden India carrying from 1980s due to American hypocrisy after its vassal lost 1971 war against India. The way China took advantage of Indias 1971 war on economic front. India will do the same with China from this trade & currency war.
@@surojeetchatterjee don't you think that your words are helping USA to save dominance? OK, maybe India and China are rivals. Both countries have big population, economy and ambitious. Both must play a big role in future multipolar World. In future World no country must have privilages which USA has now - neither China, nor India not any one else. However the main goal now is to destroy hegemony of $. It's important that BRICS countries were united in this matter. Look at the Global West - they have quarels between USA and EU, but when it comes to maintaining the Western dominance they are united.
Was that a smile on Palki's face near the end? a rare sight!!
Your can hear the envy in palkis voice
Be an independent journalist. Not an Indian comic
@@abith_peter4317 Yes, not the hypocrite.
Says a pakistani clown
She is a big fan of curry. That's why
@@mohammadnomanurrashid4232
Gulam🤣🤣
Pakistani Detected
Opinion Rejected
@@Sophisticated-Man @keep fearing them. Here is from small but a tough tiger nation🇧🇩
You keep spending your propaganda because it is the only tool you have to cover your. 🤣🤣
Chicken neck 🤣🤣🤣
Dollars dominate because they are cheap and everywhere. It costs less to use the dollar than any other medium of exchange. Never forget this axiom: "The buyer sets the price." Forcing an alternative currency on the buyer will raise the price of goods. The buyer looks elsewhere for a better price. This is the buyer setting the price in action. The seller drops the price or faces a loss in sales. Yes, economics is a little more complicated than this (alone). However, this is the root of it all! The dominant currency is not 'forced' by the United States. It is ADOPTED by all the countries of the world because it is cheap and everywhere.
Buyer doesn't set price, market does. Dollar is not reliable after US stole Russian reserves. Also US exploited their dollar privilage too much in the last years. The World is tired to pay for America.
Ask Gaddafi and saddam 😅
@@msdolly6101981 What was that country Saddam invaded ? Kuwait,
The first time around it was not the US alone but a coalition of 34 countries. Problem is they stopped at bagdad. Maybe your to young to remember the oil field of Kuwait burning.
Mass killings. Iraqi forces are believed to have killed between 1,000 and 2,000 Kuwaiti civilians.
Torture. Iraqi forces tortured and imprisoned Kuwaiti civilians.
Rape. Iraqi forces raped Kuwaiti women.
Destruction of property. Iraqi forces looted and destroyed Kuwaiti property, including homes, businesses, and oil wells.
Dollar is Expensive bro
Us Printing more dollars and increased fed rates
They are transferring their inflation to All world
And enjoying only Us citizen happy not others
Just wondering between the buyer and the seller who really sets the price. For there's also the saying that "The seller sets the price"
👍
I still prefer the DOLLAR!.!.
Great news Palki mam
Great,dedollarisation must as fast as possible to finish American hesimony . world must have to be a 5-6 currency to run smooth trade.
India will bow to. Chinese yuan ❤❤❤❤❤😂😂😂😂😂🎉🎉😊😊😊😊😊
Nice
Rupees gaining in popularity is one thing, becoming a reserved currency is another, nice to dream sometimes.
Lovely
India money switch to yuan money ❤❤❤❤❤❤❤❤❤❤❤❤😂
China has a huge, huge trade surplus with us. How will we pay in yuan. Use of yuan is against our interests. Stop glorifying yuan use.
Mission "Dump Dollar", time to break the dominance forever.
This is the real infact and effect of sanctions, when countries ousted dollar in respect of yuan, the hypocritic sanctions regime has nothing to be afraid of other than to be bullied by so many countries, developing countries included.
Its like a business having a competitor means they will have to treat their customers better in order to sell more. Plus customers having options is a good thing.
When they come to America you better have American money or you will not get served over here 😂😂😂😂😂
Palki seems to find it difficult to give props to China
the graph is all dollar backed, japanese yen British pound canadian DOLLAR, Euro was replaced bt the german mark after usa privatized germany
Good news
We Africans love and support Russia & china 🌹🏆🥇 URAAAAAA