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Seymour, IL | trade is usually done in established currencies.... dollars, swiss franc, (used to be) euros, yen, etc. This is because of transparency and acceptance across multiple countries and platforms. Even though the values of a given currency may flex, their value and steadfastness is understood.
I don't understand the fascination with BRICS... until they have a stable currency that is accepted through multiple countries, going to find trading difficult, and will only be able to be done with like kind nations.
Part of this explains why the Real, Afganhi, and other currencies are not the first choices for internationally negotiated trade deals.
We all may benefit from a world money, trade and credit class.
cheers
bryon | |
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