Laughable - deals like this are always announced but fail to materialize in any way that undermines the dollar. The dollar is used not because of some US agenda but because it’s value is stable, predictable and it’s market is liquid and transparent. No one is going to trust the ruble or the yuan because it subject to extreme political whims whereas the dollar despite all of the US hating rhetoric is not because of the large secondary market. The only nations that can’t trade in dollars has been Iran and North Korea and both of these were done with full international cooperation.
Laughable - deals like this are always announced but fail to materialize in any way that undermines the dollar. The dollar is used not because of some US agenda but because it’s value is stable, predictable and it’s market is liquid and transparent. No one is going to trust the ruble or the yuan because it subject to extreme political whims whereas the dollar despite all of the US hating rhetoric is not because of the large secondary market. The only nations that can’t trade in dollars has been Iran and North Korea and both of these were done with full international cooperation.