It is mainly about abandoning the use of the DOLLAR as a reference currency in contracts between the countries of the bloc. This would reinforce the value of the currencies themselves among themselves.
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It is mainly about abandoning the use of the DOLLAR as a reference currency in contracts between the countries of the bloc. This would reinforce the value of the currencies themselves among themselves.
It will fail. That isnt how value is established. The lack of depth, sophistication, and derivatives is going to doom this from the start.
There is a lot more than just payments, something that are going to realize.
I will personally be pleased to see countries trading in a currency other than the dollar! Other than that, nothing or any benefit is profit!