Geopolitical Economy Report | De-dollarization: Why BRICS & Global South want alternatives to US dollar @GeopoliticalEconomyReport | Uploaded January 2024 | Updated October 2024, 2 hours ago.
The expanding BRICS bloc and many Global South countries are trying to de-dollarize, diversifying their foreign exchange reserves and trading with local currencies, due to the threat of US sanctions and rising Fed interest rates that make it difficult to service dollar-denominated debt. Ben Norton explains.
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The expanding BRICS bloc and many Global South countries are trying to de-dollarize, diversifying their foreign exchange reserves and trading with local currencies, due to the threat of US sanctions and rising Fed interest rates that make it difficult to service dollar-denominated debt. Ben Norton explains.
|| Geopolitical Economy Report ||
Please consider supporting us at GeopoliticalEconomy.com/Support
Patreon: Patreon.com/GeopoliticalEconomy
Podcast: Soundcloud.com/GeopoliticalEconomy
Newsletter: GeopoliticalEconomy.Substack.com