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Are countries fed up with America's dominance of the global financial system?

Across the developing world, many countries are fed up with America’s dominance of the global financial system — and especially the power of the dollar. ( AP Photo/Tsvangirayi Mukwazhi, File) File - A currency trader mends an worn U.S. $2 bill at a market in Harare, Zimbabwe, on Oct, 26, 2020.

Will BRICS abandon the US dollar in 2024?

The global financial landscape is on the cusp of a seismic shift as nearly 20 countries are poised to abandon the U.S. dollar in favor of their native currencies for global trade in 2024. This move, spearheaded by the expanding influence of BRICS, marks a significant departure from the long-standing USD-dominated system. BRICS Leads the […]

Which countries use local currencies?

China, Russia, Brazil, India, ASEAN nations, Kenya, Saudi Arabia, and the UAE are now using local currencies in trade. (Se puede leer esta nota en español aquí .) The global de-dollarization campaign is gaining momentum, as countries around the world seek alternatives to the hegemony of the US dollar.

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