Revisiting the R5 Paradigm
... de-dollarization and the use of national currencies in financial transactions. One of the cases in point was the discussion between China and Saudi Arabia on the possibility of using Chinese Yuan for settlements in lieu of Saudi’s oil deliveries to China. ... ... coordination among the regional integration blocks and the signing of the respective memoranda between the Eurasia Economic Union, MERCOSUR and ASEAN. The possible scope for the use of national currencies within the R5 paradigm has also been broadened in recent ...
01.04.2022