Countries worldwide are dropping the US dollar: De-dollarization in China, Russia, Brazil, ASEAN

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8 Apr 2023

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The global de-dollarization campaign is gaining momentum, challenging the hegemony of the US dollar. China and Russia are trading in their own currencies. Beijing and Brazil dropped the dollar in bilateral trade. The UAE is selling China its gas in yuan, through a French company. Southeast Asian nations in ASEAN are de-dollarizing their trade, promoting local payment systems. Kenya is buying Persian Gulf oil with its own currency. The Financial Times acknowledges that a “multipolar currency world“ is emerging. Sources and more information here: China & Russia pledge ‘changes not seen in 100 years’: Xi & Putin take aim at US dollar hegemony: Brazil and Argentina preparing new Latin American currency to ‘reduce reliance on US dollar’: || Geopolitical Economy Report || Please consider supporting us at Patreon: Podcast: Newsletter:

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