The 8 member states of the Shanghai Cooperation Organization (SCO), including China, Russia & Pakistan, have decided to conduct bilateral trade & investment and issue bonds in local and national currencies instead of US dollars.
BREAKING 🚨🚨
The 8 member states of the Shanghai Cooperation Organization (SCO), including China, Russia & Pakistan, have decided to conduct bilateral trade & investment and issue bonds in local and national currencies instead of US dollars. pic.twitter.com/q63DYb4Xa1
— Gold Telegraph âš¡ (@GoldTelegraph) April 2, 2020
Countries are beginning to avoid the U.S dollar by making other arrangements when it comes to international trade. I also noticed there were record outflows this week of U.S treasuries this past week from foreign central banks…
Could we see a run on the USD and the currency lose its reserve currency status shortly?
AC
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