China and Russia are spearheading efforts to create a new financial order that could shift the balance of economic power away from the West. Both countries have found common ground in challenging the dominance of the U.S.
China and Russia are spearheading efforts to create a new financial order that could shift the balance of economic power away from the West. Both countries have found common ground in challenging the dominance of the U.S.
All countries would be trading in their own local currency, there would not be one dominant currency controlling everything, nor 1 country controlling monetary policy. Unlike now, all international trading is done via US dollar.