Daily Memo: The Mighty Dollar

Russia and China are trying to get off of greenbacks.

Getting off the dollar. Russia and China are finding ways to reduce their dependencies on the almighty greenback. According to Russia’s Central Bank and Federal Customs Service, the dollar’s share of trade between Russia and China dropped to 46 percent of settlements in the first quarter of 2020 – a 90 percent drop from 2015, […]

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