The Fight to Dethrone the Dollar
A roll of dollar bills on the side, with a green toy soldier leaning out of the side
2024-05-03 1229词 晦涩
Britain, France and Germany decided to put up a fight. Their answer was the “Instrument in Support of Trade Exchanges” (INSTEX), a barter system that could support humanitarian trade with Iran without any recourse to the dollar. Seven more EU states signed up. In March 2020 INSTEX’s inaugural transaction supported a sale of medical goods to Iran.
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