Monday, October 20, 2014

2014-10-18 Cold War 2.0 is a currency war!

2014-10-18 Cold War 2.0 is a currency war!
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Survival of the US Dollar is at stake! Key events that led to the current Cold War 2.0 involved concerted efforts of the BRICS group to displace the US Dollar as an international trade and reserve currency.
Here Russia Today reports the parcticeo of such policies.
Russia’s biggest mid-range footwear retailer, Obuv Rossii, is to buy from Chinese suppliers in rubles instead of yuan, offsetting the high cost of currency conversion. It joins Gazprom Neft as one of the first Russian companies to use ruble contracts.
RT.COM

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