Used by William Hockey as the core example of Dollar Hegemony in practice. Even after Sanctions and a stated intent to "de-dollarize," a significant share of Russia's trade with China still settles in US Dollar via Correspondent Banking and SWIFT. Hockey's point: the dollar isn't dominant because anyone loves America, it's dominant because there's no credible substitute for the plumbing.
Russia
Connected (8)
- China Linked both ways · References
- Correspondent Banking Links to · References
- Dollar Hegemony Links to · References
- How to bet on yourself (without venture capital) Linked from · Learning
- Sanctions Links to · References
- SWIFT Links to · References
- US Dollar Linked both ways · References
- William Hockey Links to · Learning