But it should have on Nostr: The brics don't have a local currency. China has offshore CNY they can trade but ...
The brics don't have a local currency. China has offshore CNY they can trade but that's still fx to the other members. Once they have a bric monetary unit then it will be local like euros. It will be very disruptive, like netflix to blockbuster. USD goes away for US token but is further away then doomers may say.
Published at
2023-08-03 17:26:06Event JSON
{
"id": "8a51e8cf1f1430c622b5043de45047b4f323d2d65eb9893a1960015687956bd8",
"pubkey": "672755314e14c5663977d85bb986b88d9f3a6d3855d576eee940d6c2160cbb28",
"created_at": 1691083566,
"kind": 1,
"tags": [
[
"p",
"b5c021f338d9d84c8ed8fe5abc0a217f5e75ec5b5dd0b09df5a9b826a1d1fb20",
"wss://relay.mostr.pub"
],
[
"e",
"a184292b7ed963645b8ffe22c7297d0a9bac86484746ff09596189ffefb34484",
"wss://relay.mostr.pub",
"reply"
],
[
"proxy",
"https://poa.st/objects/fb12f27f-8be3-4f33-a630-049904758a13",
"activitypub"
]
],
"content": "The brics don't have a local currency. China has offshore CNY they can trade but that's still fx to the other members. Once they have a bric monetary unit then it will be local like euros. It will be very disruptive, like netflix to blockbuster. USD goes away for US token but is further away then doomers may say.",
"sig": "035bfa96a98013be2622639f6d98507ba53989e2d630d499b0b1aa0cc1cf805eab479a095d9cc4a568eb0c3c93e30b23900f95ba9a6f63d12b5b29f25044a50b"
}
