(EnergyAsia, April 29, Wednesday) — Russia and China said they are working on plans to eventually replace the US dollar as a reserve and trading currency. The move would help avoid a recurrence of the global economic crisis which Russia and China said was caused by problems in the US housing and financial markets. Moscow…
RUSSIA: Agreement with China to replace US dollar as trading currency
Posted on April 28, 2009 by EnergyAsia