Brazil and China have made a deal to ditch the U.S. dollar when paying each other for traded goods. The move comes on the heels of similar bargains with other countries such as Russia, India, and Saudi Arabia. John Ribino: "It's potentially a very big deal, definitely long term, maybe short term"
Several countries have agreed to ditch the US dollar in their trade deals instead moving to establish the Chinese yuan as the dominant international currency. In this episode we talk with an expert about the effort to move away from the U.S. dollar as the world’s reserve currency and what it means to the US and world economies. Get the facts first on Morning Wire.
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