Pak-Russian trade to reach $800 million

[The Accountant]

Isn't India & Iran or Pakistan & China doing trade without $.

No ... thats not even .001% of the trade in US dollar

 

[kmc_chacko]

No ... thats not even .001% of the trade in US dollar

If everyone start to do bilateral trade in their own currency will not be $ get devalued ?

 

[The Accountant]

If everyone start to do bilateral trade in their own currency will not be $ get devalued ?

No ... dollar and US will vanish ... and world economy as well

 

[kmc_chacko]

No ... dollar and US will vanish ... and world economy as well

$ is not everything, there are other currencies are also there, through which world economy can trade. e.g. €, £ or ¥ which constitutes 40% of world currency payments, more than $.

 

[The Accountant]

$ is not everything, there are other currencies are also there, through which world economy can trade. e.g. €, £ or ¥ which constitutes 40% of world currency payments, more than $.

Not for international trade ... get the international trading figures

 

[kmc_chacko]

Not for international trade ... get the international trading figures

Though Many Countries International trades are done on local currency but are invoiced in U.S. dollars, due to that it is difficult to aggregate it.

 

[KediKesenFare3]

Turkey's foreign trade deficit around $ 55 billion.

Not anymore. It wasn't sustainable even for Turkey.
https://defence.pk/pdf/threads/turkish-economy-news-updates.192555/page-170#post-11092116