Many ask themselves were the pennies from brick bank will go or who'S currency will dominate,well....this is the economist CONCLUTION ;
"There are still issues that will need to be ironed out to make this a successful enterprise: primarily, what currency will be dominant and whose objectives the bank will have in terms of its lending policies"
He assume that regardless CHINA has the majority of this money invested,they not qualify;
"China is the largest holder of foreign reserves will be a decisive factor, in my view. China will make the biggest contribution to the CRA — $41 billion. It is no surprise that the bank will be headquartered in Shanghai"
But he ,the economist assume tha Africa can save some of this money;
"The NDB Africa Regional Center will be established in South Africa concurrently with the headquarters, according to the Sixth BRICS Summit declaration. South Africa has the best infrastructure in all of Africa and has the potential to lead the entire continent to a new level of growth."
And finally the only candidate to have absolute power will be the Dollar$$$;
"the dominance of the US dollar as a reserve currency and as the currency in which major trade takes place around the world. That dominance puts the United States in a strong strategic position particularly when it comes to sanctions, something that is playing out currently amid the Russia-Ukraine crisis"
My question to this economist named;.
"Mark Mobius, Ph.D., executive chairman of Templeton Emerging Markets Group, joined Templeton in 1987. Currently, he directs the Templeton research team based in 15 global emerging markets offices and manages emerging markets portfolios. As he spans the globe in search of investment opportunities, his
“Investment Adventures in Emerging Markets”
THE CORE OF CONSEPTS IS THE SECRET FOR ETERNITY, ACORDING TO"FORBES",AN OLD OCTOPUSES ON THAT MATTERS OF WEALTH FROM LINEAGES...THAT HAVE TO BE SAVE IN IN THE CURRENCY THAT DOMINATE THAT HAPPENS TO BE .....THE DOLLARS IN MOTION !
