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Calls have emerged for BRICS nations to abandon the US dollar in global trade. South African President Ramaphosa suggested using local currencies instead of the US dollar. A total of 40 countries, known as the BRICS and other nations, have expressed a desire to ditch the US dollar. Additionally, 24 countries have already taken steps to drop the US dollar. These moves indicate a global shift away from the US dollar, potentially leading to the rise of multi-currency global trade systems and new reserve currencies.

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