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21 sats \ 1 reply \ @jk_14 29 Dec 2023 freebie \ parent \ on: BRICS Expansion: A Powerful Energy Bloc Assumes Shape news
Compare it for example to the Euro
and the difference is here:
India doesn't trust China, China doesn't trust India, noone trust Russia, noone trust Brazilian fiscal/monetary policy
No way there is trustful paper money (backed by whatever) in such circumstances.
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21 sats \ 0 replies \ @TomK OP 29 Dec 2023
Well let's wait for Dr. Market to decide. Did You see the crash of the Euro in usage to 22% of SWIFT payments recently? The USD stays strong, Yuan gaining and climbing to 4%. But this could speed up
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