In a Significant Development, Russian Foreign Minister Sergey Lavrov has Revealed that De-dollarization is Already Underway, Driven by the US Government’s Rhetoric and Policies
In a significant development, Russian Foreign Minister Sergey Lavrov has revealed that De-dollarization is already underway, driven by the US government’s rhetoric and policies. Lavrov highlights the active efforts of the BRICS alliance, consisting of Brazil, Russia, India, China, and South Africa, to forge a path forward without the US dollar. This article explores De-dollarisation’s growing momentum and its potential ramifications on the global economy.
The long-term consequences of De-dollarization could reverberate across the global economy. The roles of international institutions like the International Monetary Fund and the World Bank and the dominance of the US dollar itself may be compromised. This shift can potentially reshape the balance of power in international finance and impact nations’ monetary policies.BRICSTether.com was launched early to be an alternative 100% asset-backed digital currency for BRICS-plus nations (35 nations, and growing)