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SKorea rejects Boeing, says F-15 not good enough
South Korea on Tuesday rejected Boeing Co.'s bid to supply 60 fighter jets in the country's largest-ever weapons purchase even though it was the sole remaining bidder, and said it would reopen the tender. (news.yahoo.com) Más...Sort type: [Top] [Newest]
Even though they are probably bargaining with money supplied by the US, it just reinforces the statement that $ don't buy friends or favor for very long. Lol
Yeah there was a time when the US dollar was the only currency that was universally accepted. I did some sales work at trade shows...the guys from the old E Bloc and Russia all wanted to pay in US dollars. The company I worked for were so arrogant they expected the world to pay in UK pounds. That was 18 years ago...not sure how they trade now.
Dollar is still widely used. It is still the most widely used reserve currency.
Don't expect Russians and Brits to be using the Chinese yuan for trading any time soon. Although the Euro does have wide use on the continent. That was the point after all. It might also substitute in some transactions in "greater Europe" or rather, those nearby countries that still maintain their own currency (ruble, pound sterling), especially if one of the trading partners is based in a Euro country.
But your example with both non-Euro "greater European" trading partners. That's a tougher question. I wonder myself. The Euro isn't too popular in UK. Given the recent monetary concerns with the Euro, I'm sure they're finally feeling justified in their currency arrogance (and would want to hold or denominate their trades in Euros, lest the currency drastically change the slur of their trade overnight). I'd expect many Brits to still want pounds sterling.
Don't expect Russians and Brits to be using the Chinese yuan for trading any time soon. Although the Euro does have wide use on the continent. That was the point after all. It might also substitute in some transactions in "greater Europe" or rather, those nearby countries that still maintain their own currency (ruble, pound sterling), especially if one of the trading partners is based in a Euro country.
But your example with both non-Euro "greater European" trading partners. That's a tougher question. I wonder myself. The Euro isn't too popular in UK. Given the recent monetary concerns with the Euro, I'm sure they're finally feeling justified in their currency arrogance (and would want to hold or denominate their trades in Euros, lest the currency drastically change the slur of their trade overnight). I'd expect many Brits to still want pounds sterling.
"I'm sure they're finally feeling justified in their currency arrogance (and would want NOT to hold or denominate their trades in Euros."
Sorry, left out a crucial word.
Sorry, left out a crucial word.
If you ever happen to inquire about 'how things are going' do let us know what currency(ies) is(are) still making the cut for them.
[This poster has been suspended.]