International Journal Multidisciplinary Science
Vol. 2 No. 2 (2023): June: International Journal Multidiciplinary

THE POTENTIAL POSITION OF THE YUAN AND RUBEL CURRENCY TO REPLACE THE AMERICAN DOLLAR AS THE WORLD'S STRONGEST CURRENCY

Natallios Peter Sipasulta (Gunadarma University)
Anacostia Kowanda (Gunadarma University)
Dionysia Kowanda (Gunadarma University)



Article Info

Publish Date
05 Jul 2023

Abstract

It has been decades where world trade is controlled and dominated by the power of the American dollar currency as the world's main currency in carrying out and conducting world trade transactions, until one day when the American president named Richard Nixon stated that the American dollar currency was no longer become the main currency in world trade, and the countries of the world can use their currency to trade freely. Then it was discovered and developed the Swift system which was eventually used as a weapon by the United States to carry out a world trade pattern where the American dollar remained the currency used by countries around the world to make sales and purchases of goods they needed each other because they must use the Swift system in transactions, especially for the purchase of oil produced by the state of Saudi Arabia. Whether Russia and China can replace the strength of the US dollar with the yuan and ruble in the not too distant future, some of the possibilities examined in this journal will facilitate our understanding of this possibility, although there is still much work to be done by Russia and China. to be able to realize their plan to replace the strength of the US dollar with the yuan and the ruble.

Copyrights © 2023






Journal Info

Abbrev

IJML

Publisher

Subject

Humanities Education Social Sciences

Description

The editor accepts research articles related to Computer Science, Management, Accountancy, Appropriate Technology, Scientific Social, Education, Humanities and ...