🌍 BRICS Accelerates De-Dollarization Push
Brazil’s President Lula da Silva is reigniting the call for financial independence ahead of the next BRICS summit — urging member nations to reduce reliance on the US dollar and strengthen economic cooperation through new financial systems.
🔥 Why This Is Big:
BRICS accounts for 40% of the global population and ~25% of global GDP.
Calls for a common currency or enhanced use of local currencies are gaining traction.
The bloc aims to challenge dollar hegemony amid growing concerns over US monetary policy and sanctions-based systems.
💬 Lula: "Why must our countries be tied to the dollar for trade? We must build our own financial instruments."
🚨 Potential Impacts:
Surge in multi-currency trade agreements.
Increased interest in CBDCs, gold, and crypto as alternative assets.
A shift toward a more multipolar financial world.
🧭 The upcoming BRICS summit could mark a historic pivot in global finance.
Is the dollar’s dominance entering its next chapter?
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