R6 — the Case for a New Global Currency Basket

... concern for the custodian of the global reserve currency. New World Begets a New Bank As a default mode, China should also beware that “the sanctioned objects in the mirror are closer than they appear.” In other words, China may also be a subject to sanctions at one point partially or fully. Tristan Kenderdine: US–Iran Conflict Would Strengthen China’s Position in the Middle East China, Russia, India, Brazil, and South Africa are the founding members of the New Development Bank . NDB’s 2017–2021 general strategy clearly highlights the bank’s commitment and intention to be new in three areas: 1) new relationships; 2) new projects and instruments; 3) new ...