China Explores Non-Dollar Currencies Based on Gold

China asked France to set up a conference to discuss diversifying world currencies in order to loosen US control over the dollar. Besides the Chinese, senior officials of the UK and Germany were present. Even the director of the International Monetary Fund (IMF) was invited. Significantly, no U.S. senior official was present.The liability of staying on the dollar currency for countries outside the US, especially Russia and China, is laid out nicely in this article.

Read in The 4th Media

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