Russian central bank governor Elvira Nabiullina says the yuan’s share in Russia’s exports has increased from 0.4 to 34.5 per cent, replacing the US dollar and euro as its ‘primary’ currency for foreign economic activity.
  • buzz86us@lemmy.worldEnglish
    131·
    11 months ago

    Yup China is funding them, but the Chinese don’t care about their war they are just slowly taking over Russia

    • wjrii@kbin.social
      7·
      11 months ago

      I mostly agree, but I’m sure the Chinese don’t mind seeing what happens when the West is faced with an ambivalent-to-hostile nuclear power, with deep commercial ties, going to war to press questionable territorial claims.

  • deft@lemmy.wtfEnglish
    51·
    11 months ago

    I love seeing this and the comments about BRICS lol

    Imagine being excited two kids are eating sand. That’s what you’re doing lol

    • xor@lemmy.blahaj.zoneEnglish
      11·
      11 months ago

      Brics doesn’t even have a centralised currency of any form lol.

      For it to have the world standard currency, the bunch of systemic competitors that make up brics (almost all of which have at least some major cause of friction with at least one of member) to:

      • agree on a name, design and production strategy that every single member is happy with
      • have a centralised bank somewhere that is controlled by some (presumably inter-state) entity
      • have all members adopt that currency as their primary currency, phasing out their existing state controlled ones
      • have the currency be more stable and commonly accepted than USD

      Only then can it even really begin to start being a world currency

      Frankly, I don’t think there’s nearly enough cooperation within the group to even start making steps toward a common currency for decades