On August 3, the Moscow Exchange began trading bonds with settlements in Chinese yuan. The new instruments are aimed at the widest range of investors using the Chinese currency and financial products denominated in it. The first securities available to investors were two issues of 5-year Rusal (Russian aluminum company, one of the world’s largest
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The Gold-Backed Dollar, Petrodollar – Now an Atomic Ruble? – Paul Goncharoff
Today the US Dollar still rules the roost among fiat currencies for all the reasons which have been exhaustively examined since Bretton-Woods by just about every financial analyst there is. However, for more than a decade the term “de-dollarization” springs up with ever-increasing frequency. There are several reasons, but key among them is today’s micromanaged
