Daily Memo: The Mighty Dollar

Russia and China are trying to get off of greenbacks.

1020
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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Geopolitical Futures (GPF) was founded in 2015 by George Friedman, international strategist and author of The Storm Before the Calm and The Next 100 Years. GPF is non-ideological, analyzes the world and forecasts the future using geopolitics: political, economic, military and geographic dimensions at the foundation of a nation.