R6 — the Case for a New Global Currency Basket

... for fertilizers, Russia pays India in Resolve for tea, and India pays in Resolves to South Africa for distillation products. The merits for accelerating and expanding the scope of NDB are not only inherent in the form of more elasticity for national currencies but also bringing Asia Pacific (China), Eurasia (Europe), India (Sub-Continent), Middle East or West Asia (Iran) Africa (South Africa) and South America (Brazil) together. An immediate intra-continental set of synergies will emerge through issuing bonds, loans and even trade finance. Some of the GCC countries also share the R in their Rials in KSA and Qatar. But they cannot ...