Substantial_L1ght
Substantial_L1ght t1_je8q05m wrote
This is largely symbolic. There are only so many Brazilian Reals China can accumulate before they will need to get rid of it on the open market and that means they will eventually have to translate Reals to US dollars.
In any trading arrangement, as long as one side is exporting more than the other - in this case China - they will eventually need to use the reserve currency or be stuck with a lot of fiat currency that can’t be used to buy anything.
Substantial_L1ght t1_j6oalpm wrote
Reply to comment by 3dio in Israel refills the Sea of Galilee, supplying Jordan on the way by fuckmacedonia
Also interesting that it works politically and that they are trading water for energy. Win win.
Substantial_L1ght t1_je9u3gy wrote
Reply to comment by Dimas166 in Brazil, China strike trade deal agreement to ditch US dollar by loggiews
Interesting, thank you.