China backs Russia-proposed BRICS payment system.

www.voanews.com

China backs Russia-proposed BRICS payment system.

www.voanews.com

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World News@lemmy.worldEnglish · 1 year ago

China backs Russia-proposed BRICS payment system

www.voanews.com

Analysts say China is interested in using alternative payment system to challenge the current system dominated by the US dollar

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Flying Squid@lemmy.world
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1 year ago
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?
- Pringles@lemm.ee
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  No, not the euro, but China did peg the Yuan to the dollar for years to ensure their exports remained cheap.

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