R6 — the Case for a New Global Currency Basket

... can easily expand the remit of the bank by entering trade finance and project finance between these six countries alone. The bank could ask its shareholders to deploy and commit some of their gold reserves (abundant resources and gold mines in Russia, Iran, and South Africa) to this new currency to accelerate its credibility and uptake among these six countries. Lora Chkoniya: Fighting the Trend: How Africa is Uniting Amidst the Global Retreat from Multilateralism Iran would sell oil in Resolve to China, China ...