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    Yogthos (yogthos@social.marxist.network)'s status on Wednesday, 16-Oct-2024 02:14:42 JST Yogthos Yogthos

    The BRICS alliance settled 65% of trade among member nations in local currencies and not the US dollar. The usage of the US dollar and Euro has fallen below 35% among the existing members of the bloc. The development signals a strategic shift in ending reliance on the USD and other Western-dominated currencies. Read here to know how many sectors in the US will be affected if BRICS ditches the dollar for trade.

    #geopolitics #economy

    https://watcher.guru/news/brics-settle-65-trade-in-local-currencies-not-the-us-dollar

    In conversation about a month ago from social.marxist.network permalink
    • Kari'boka likes this.

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