RIAC :: Dollar,Currencies

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Will We Witness a BRICS Currency “R+”evolution?

... advocate of expansive government policies and high public debt, and Harry Dexter White, who was later accused of espionage and being a socialist sympathizer. [ 1 ] The Bretton Woods system pegged the US dollar to gold (at $35 per ounce), while all other currencies were tied to the US dollar (e.g., 4.2 Deutsche Marks to 1 USD). European central banks were compelled to purchase US dollars to maintain exchange rate stability and could acquire gold solely in exchange for US dollars. For European economies, stringent capital controls were ...

05.08.2024

analytics

R6 — the Case for a New Global Currency Basket

... time it will take, and the obstacle with which Renminbi has to overcome to directly challenge or offer an alternative to US dollar are long and rather not straight. However all of these countries or the R6 have a currency that starts with R: the Chinese ... ... The merits for accelerating and expanding the scope of NDB are not only inherent in the form of more elasticity for national currencies but also bringing Asia Pacific (China), Eurasia (Europe), India (Sub-Continent), Middle East or West Asia (Iran) Africa ...

11.09.2019

expert column

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In your opinion, what are the US long-term goals for Russia?

U.S. wants to establish partnership relations with Russia on condition that it meets the U.S. requirements	33 (31%)
U.S. wants to deter Russia’s military and political activity	30 (28%)
U.S. wants to dissolve Russia	24 (22%)
U.S. wants to establish alliance relations with Russia under the US conditions to rival China	21 (19%)