US News Live: Dollar Collapse 2023 | De-Dollarization Against American Hegemony | BRICS Currency
Автор: CNN-News18
Загружено: 2023-04-13
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US News Live: Dollar Collapse 2023 | De-Dollarization Against American Hegemony | BRICS Currency
The US dollar has been the official currency for international trade for years now. However, in recent times there has been talk of creating a new currency in an attempt to dump the dollar and push back against American hegemony.
This de-dollarisation has received a boost in recent times, especially after the Russia-Ukraine war began last February. And last week, this movement received further impetus when Alexander Babakov, the deputy chairman of the State Duma, was quoted as saying that the BRICS nations are in the process of creating a new medium for payments — established on a strategy that “does not defend the dollar or euro”.
Is the BRICS nations actually creating a new currency for trade? Who’s at the forefront of this movement? Will it benefit India? Will the plan actually fructify? There are several questions to this issue and we try to answer them all.
#usnewslive #dollar #usdollar #trade #stockmarket #bricss #englishnewslive #news18live #cnnnews18live n18oc_world
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