World de-dollarization
More countries around the world are moving away from the US dollar in a bid to reduce their dependence on Washington and prevent it from further exploiting its power and weaponizing its global dollar dominance.
The trend is not new but has accelerant over the past few years. Just recently, China and Brazil have struck a deal to conduct trade transactions in their national currencies, ditching the US dollar as an intermediary. The deal would reduce costs, promote greater bilateral trade and facilitate investment.
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