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BRICS Working to Boost Payments in National Currencies as Dollar Unreliable

BRICS countries are actively working on increasing payments in national currencies in mutual trade and financial operations due to the unreliability of the dollar ....

South Africa , Vladimir Putin , Business Forum , Russian President Vladimir Putin , Reserve Currencies , S Dollar , Nternational Reserve System ,

Transcripts for MSNBC The ReidOut 20220223 00:15:00

Strategic mistake. take the major democratic economies of the world. it more than 50% of the total. china is 15%. think about the financial, the dollar, eros, pound, yen, these are dominant reserve currencies and how people make and receive pavements and how they store their wealth and borrow money. a percentage of the total on those metrics are in the low single digits and on technology, let me give you a data point. china imports 300 billion semi conductors and produces none of the leading edge chips. china is not a substitute for the west. we will keep an eye on this and we really thank you for being here, deputy national security advisor, thank you for your time. pleasure. up next on the reidout what you need to know about ukrainians, make no mistake, young and old are prepared to fight to defend their country from russian aggression. ....

Reserve Currencies , Data Point , Semi Conductors , Deputy National Security Advisor , 300 Billion , The Reidout ,