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.
Nice, looking forward for the next development within brics. Did Saudi Arabia really join? Some sources say they did, some say they are still considering it, wikipedia is not updated either.
Looking it up (though the only source is Reuters- so who's to say) the Saudis seem to be on the fence (not yet having responded to the invitation, officially looking into whether to join or not)
This could have some pretty significant implications on the standoff at the Egyptian-Israel border, though I doubt the effects will be seen that quickly.
Another step to deflate the U$ hegemony. Good news!
aww yiss
way to go mexico!
Wasn't Sisi an American puppet?
Looks like even puppets have limits.
https://en.wikipedia.org/wiki/List_of_countries_by_GDP_(nominal)
#38.
Don't let the door hit you on the way out!!
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."