BRICS Bank Is De-Dollarizing - Promises Loans In Local Currencies To Help Global South Develop

BRICS Bank Is De-Dollarizing - Promises Loans In Local Currencies To Help Global South Develop

THE CURRENCY WAR - FOLLOW THE MONEY

April 14, 2023

Geopolitical Economy Report

The 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.

Sources and more information here:

https://geopoliticaleconomy.com/2023/04/15/brics-bank-dollar-local-currencies-dilma/

BRICS challenges US `dollar dominance', Saudi considers selling oil in other currencies: New multipolar economic order:

https://geopoliticaleconomy.com/2023/01/21/brics-us-dollar-saudi-oil-currency-multipolar/

Brazil's Lula travels to China and calls to end US dollar dominance:

https://geopoliticaleconomy.com/2023/04/15/brazil-lula-china-us-dollar-dominance/

Original: https://youtu.be/OkBK2vcNFJE

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