Egypt Officially Ditches US Dollar For Trade
Egypt Officially Ditches US Dollar For Trade
A newly welcomed BRICS nation, Egypt has officially ditched the US dollar for trade, opting to instead use local currencies.
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https://en.wikipedia.org/wiki/List_of_countries_by_GDP_(nominal)
#38.
Don't let the door hit you on the way out!!
Small quantitative changes lead to qualitative changes, you do realize this?
In how many lifetimes are we talking about?
You might get to see it since you are a child.
I'm a child because you don't like facts? Sounds pretty childish.
What facts did you actually list other than a weak ass Wikipedia link? Like you didn't do anything but acting like you did a crazy dunk
you keep proving my point lol
One, and they are using GDP (nominal) https://www.visualcapitalist.com/charted-comparing-the-gdp-of-brics-and-the-g7-countries/
Many of BRICS’ current members already have real GDP growth rates that are higher than their G7 counterparts, with current members having an average GDP growth of 189% to 2050 compared to the G7’s average of 50%, according to Goldman Sachs.
BRICS’ newly added members like Ethiopia (1,170% GDP growth projected by 2050) and Egypt (635% GDP growth projected by 2050) have even higher rates of potential economic growth, further raising the bloc’s economic potential.
projected growth
So not real growth. Got it.
🥱
Mine
It's not my list. It's natopedia. The same source that you used. In fact, I found the link within that page that you linked.
PPP represents the real economy. You'll recognize this soon enough when every nation outside the west has dedollarized and the USD is no longer propped up by its need for trade.
🤡 Your own list has Iran just below Egypt. Do you think Iran has ever traded in petrodollars? This will have absolutely no effect to actually hurting the Egyptian economy.
Yeah, it won’t hurt the Egyptian economy, what’s your point.
It's not my list. It's natopedia. The same source that you used. In fact, I found the link within that page that you linked.
PPP represents the real economy. You'll recognize this soon enough when every nation outside the west has dedollarized and the USD is no longer propped up by its need for trade.
Third world countries will do literally anything to benefit their national sovereignity and fragile gringoes will come out of the woodwork to yell "You won't be missed! Babe come back! It's for your own good!"
Two economists are walking in the park. The first economist sees a pile of dog shit and says to the other, "I'll pay you $50 to eat that dog shit." So he does and gets paid $50. Later on, the second economist sees a pile of dog shit and says to the first, "I'll pay you $50 to eat that pile of dog shit." So he does and gets paid $50.
The first economist says, "I can't help but feel we just ate dog shit for nothing." "Nonsense," says the second economist, "We just contributed $100 to the economy."