Russia, China Drop US Dollar for Mutual Trade!

Socio-Economics History Blog

  • Published on Nov 10, 2014
    After a meeting of the Asia-Pacific Economic Cooperation group, the dollar no longer has a place in trade between Russia and China. The two BRICS powerhouses will soon begin using their own currencies when trading between themselves, potentially hastening the decline of the US dollar as the world’s reserve currency. RT’s Paul Scott provides more details from Beijing.

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2 Responses to “Russia, China Drop US Dollar for Mutual Trade!”

  1. Asian media is reporting China’s top agenda is promoting the
    Free Trade Area of the Asia Pacific, “FTAAP“.
    The counter to the West’s TPP, which excludes China.
    The world’s stage (APEC) is announcing in an unambiguous way the departure from the USD as the world’s reserve currency what other nations make public announcements to follow Russia-China example…
    Look for FTAAP to gain momentum and the TPP to stumble in Trade Agreements, or vice versa.
    Obviously we need a current copy of the text to review for ourselves what the two agreements state.

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