BRICS states: Farewell to the US dollar-new era for world trade?

BRICS states: Farewell to the US dollar-new era for world trade?

China, Russia, and Iran - The global economy trembles, because a new power movement takes up huge impetus! Brics states such as China, Russia and Iran make serious and want to finally say goodbye to the US Dollar. We are talking about the so-called DEDollarization-and it becomes a tangible challenge for the White House, Watcher.Guru reports . Local currencies should in future be in charge of cross -border transactions and thus take the rank to the dollar.

The central banks of these aspiring countries have already started diversifying their reserves - towards a basket of several currencies, including gold. Cedric Chehab from Fitch Solutions explains that this strategy could reduce the pressure on the foreign trade sectors. China in particular, with its growing influence, gives the tone in this economic revolution. This not only means less dependency on the dollar, but also an ascent in the global value chain for the Brics countries.

Ex-diplomat Marcos Caramuru from Brazil emphasizes: Trade in local currencies not only offers exporters and importers with risk care, but also more investment options and security for income and sales. Suddenly the balance is put to the test on the international financial markets, because the dollar could lose its status symbol if the de -ollarization should continue to gain drive.

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OrtChina, Russia, and Iran

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