Dot.@feddit.org to World News@lemmy.worldEnglish · 21 days agoChina backs Russia-proposed BRICS payment system.www.voanews.comexternal-linkmessage-square36fedilinkarrow-up160
arrow-up160external-linkChina backs Russia-proposed BRICS payment system.www.voanews.comDot.@feddit.org to World News@lemmy.worldEnglish · 21 days agomessage-square36fedilink
minus-squareFlying Squid@lemmy.worldMlinkfedilinkEnglisharrow-up1·21 days agoDidn’t the Euro even start as being pegged to the dollar at 1:1 to stabilize it in the beginning? Or am I misremembering?
minus-squarePringles@lemm.eelinkfedilinkEnglisharrow-up4·21 days agoNo, not the euro, but China did peg the Yuan to the dollar for years to ensure their exports remained cheap.
Didn’t the Euro even start as being pegged to the dollar at 1:1 to stabilize it in the beginning? Or am I misremembering?
No, not the euro, but China did peg the Yuan to the dollar for years to ensure their exports remained cheap.