BRICS Bank is de-dollarizing, promises loans in local currencies to help Global South develop
April 16, 2023
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25:33Now PlayingBRICS Bank is de-dollarizing, promises loans in local currencies to help Global South develop
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as posted by the channelThe new chief of the BRICS bloc’s New Development Bank, Brazil’s leftist ex-President Dilma Rousseff, revealed they are gradually moving away from the US dollar, promising at least 30% of loans in local currencies of members, to help countries in the Global South build infrastructure and fight poverty.
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BRICS challenges US ‘dollar dominance’, Saudi considers selling oil in other currenciesNew multipolar economic order
Brazil’s Lula travels to China and calls to end US dollar dominance
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