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National Currencies: it is happening! — amarynth

Summary:
First, the Euro is getting to be completely excluded in RussiaSecond, the use of national currencies through BRICS is moving ahead[Third], the Brazilian Central Bank and the People’s Bank of China signed a memorandum of understanding allowing bilateral trade IN YUAN for Brazilian and Chinese companies, investors, and institutionsGlobal SouthNational Currencies: it is happening!amarynth

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  • First, the Euro is getting to be completely excluded in Russia
  • Second, the use of national currencies through BRICS is moving ahead
  • [Third], the Brazilian Central Bank and the People’s Bank of China signed a memorandum of understanding allowing bilateral trade IN YUAN for Brazilian and Chinese companies, investors, and institutions
Global South
National Currencies: it is happening!
amarynth
Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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