Comments by "Paul Aiello" (@paul1979uk2000) on "Why Russia is Trying to Create a New BRICS Currency" video.

  1. Hasn't the Euro been taking market share away from the US Dollar over the last 2 decades?
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  2. Russia has little to no chance of displacing the Dollar, there are 3 things that are needed to do that, economic might, population size and trust, Russia has none of those. China has the economic muscle and population but a lot of the world doesn't trust them so that rules them out, India are just not developed enough, maybe someday but it's a long way off. The only realistic one is the Euro, but in truth, I don't think any of them will replace the Dollar but I don't think the US Dollar will remain the reserve currency, I think a new system will come about, either a new international currency or a basket of currencies or maybe a currency based on democracy, after all, it's unrealistic for the US to hold onto the reserve currency when the rest of the world is developing, that in time is likely going to put a lot of pressure on coming up with an alternative.
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  3.  @emm_arr  True, but out of BRIC countries, India has the best chance of doing what Russia wants, but it's a long way off from that and India has enough problems in its own country before it can lead that kind of role. In truth, I think the EU is the only realistic option that could displace the Dollar, but I think a basket of currencies is more likely.
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