(EnergyAsia, December 20 2010, Monday) — The US dollar’s position as the world’s reserve currency could come under threat if China and Russia succeed in expanding the use of their currencies in promoting bilateral trade. While Sino-Russia trade amounts to less than US$50 billion a year, a fraction of global merchandise trade valued at more…
RUSSIA: Dollar undermined in rising use of ruble, yuan in bilateral trade with China
Posted on December 19, 2010 by EnergyAsia