Today we will look at how nations across the world are moving towards a multipolar world in terms of trade and monetary affairs. Recently India and the U.A.E. have announced that they plan to conduct bilateral trade in their own currencies. My conclusion is that gold, and not the dollar, will be the neutral reserve assets these countries will use to back or give their currencies credibility. India, UAE central banks discuss rupee, dirham trade: https://www.thehindu.com/business/Economy/india-uae-central-banks-discuss-rupee-dirham-trade/article66183153.ece DISCLAIMER: I am not a financial adviser. These videos are for educational purposes only. Investing of any kind involves risk. Your investment and other financial decisions are solely your responsibility. It is imperative that you conduct your own research and seek professional advice as necessary. I am merely sharing my opinions. AFFILIATE DISCLOSURE: Some of the links on this channel are affiliate links, meaning at no cost to you I earn a commission if you click through and make a purchase. However, I only recommend products or services that I believe in.
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