Economics · International Finance
Emerging economic blocs explore bilateral trades in local currencies primarily to:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Discourage the extraction and use of transition swing fuels
- 2Increase their systematic reliance on the Petrodollar framework
- 3Bypass traditional correspondent banking and unilateral financial bottlenecks✓
- 4Accelerate cost-push inflation within domestic markets
Correct answer
Bypass traditional correspondent banking and unilateral financial bottlenecks
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