desdolarización
600 views
1 Discussing
Hot
Latest
See original
🌍 Chinese analysts warn that a major blow is brewing with Russia leading a counterattack on US hegemony. Despite sanctions imposed by the West, the Russian economy has shown resilience and is strengthening its ties within the #BRICS
💱 The #BRICS summit in October promises to be a milestone, as 159 countries have shown interest in joining this effort. #desdolarización Russia is pushing for the creation of payment platforms like BRICS Bridge that seek to challenge the system. #Swift
$USDC $BTC $USDC
💱 The #BRICS summit in October promises to be a milestone, as 159 countries have shown interest in joining this effort. #desdolarización Russia is pushing for the creation of payment platforms like BRICS Bridge that seek to challenge the system. #Swift
$USDC $BTC $USDC
See original
The BRICS in De-Dollarization (New Monetary Order)
De-dollarization, i.e. the decreased dependence on the US dollar as the global reserve currency, is an increasingly evident trend on the world economic stage. The BRICS (Brazil, Russia, India, China and South Africa) have emerged as key players in this process, challenging the dollar's hegemony and promoting a more multipolar monetary order.
Why are the BRICS so important in de-dollarization?
* Growing economic weight: The BRICS represent a significant portion of the world economy, with a combined GDP that challenges that of developed economies. Their economic clout gives them greater bargaining power on the international stage.
Why are the BRICS so important in de-dollarization?
* Growing economic weight: The BRICS represent a significant portion of the world economy, with a combined GDP that challenges that of developed economies. Their economic clout gives them greater bargaining power on the international stage.
See original
BRICS Dollarization and Cryptocurrencies
The rise of cryptocurrencies and BRICS dollarization: a new monetary order
The emergence of cryptocurrencies in the global financial landscape has challenged the monetary status quo, generating a debate around their potential to reconfigure the international financial system. In this context, the BRICS bloc (Brazil, Russia, India, China, and South Africa) has emerged as a key player in the search for alternatives to the US dollar, which has led to a growing intersection between these two trends.
The emergence of cryptocurrencies in the global financial landscape has challenged the monetary status quo, generating a debate around their potential to reconfigure the international financial system. In this context, the BRICS bloc (Brazil, Russia, India, China, and South Africa) has emerged as a key player in the search for alternatives to the US dollar, which has led to a growing intersection between these two trends.
Login to explore more contents