Africa Declares ECONOMIC Independence - Ditching Dollar After Donald Trump’s Tariffs

Africa Declares ECONOMIC Independence - Ditching Dollar After Donald Trump’s Tariffs

July 13, 2025

Africa Reloaded

STOPPING EUROPEAN STEALING OF AFRICA'S WEALTH

Something is shifting in the world economy. Donald Trump’s tough tariff policies didn’t just shake up global trade, they confirmed what many have suspected for years: that the financial system is tilted, favoring the powerful, and leaving the Global South, especially Africa, struggling for true economic independence.

For African nations, the message is clear. The time has come to work together and break free from the grip of the United States' dollar. And here’s the twist, it’s no longer just talk. Across the continent, countries are moving beyond speeches. They’re taking real, concrete steps to make de-dollarization a reality.

One of the boldest steps so far is the creation of Africa’s own payment system, a system built right here on African soil. It’s designed to help nations trade directly with each other in their own currencies, reducing reliance on the dollar and keeping more value within the continent.

This system could completely rewrite the rules of trade, reshape entire economies, and finally give Africa more control over its financial future. In today’s video, we’re diving deep into how this new payment system works, the challenges it faces, and why it might just be the game changer Africa has been waiting for. Stay tuned.

For decades, the U.S. dollar has been the backbone of global trade, a pillar shaping economies across every continent. But in Africa, that dominance has become a double-edged sword, a symbol of both connection and crippling dependence.

Across the continent, the dollar rules everything. Almost every essential import like oil, wheat, medicine, is priced and paid for in dollars. International loans are issued in dollars. Even trade between neighboring African nations is often settled in dollars. And the price of fuel? Tied directly to the dollar’s value. Imagine that, a continent rich in resources, yet tethered to a foreign currency to keep the lights on and the wheels turning.

According to the IMF, by the third quarter of 2023, the dollar made up 57.4% of global foreign exchange reserves. And the Bank for International Settlements reports that a staggering 88% of all global currency exchanges involve the dollar. For Africa, this supremacy means the cost of everyday goods, and the fate of entire economies, hinges on the dollar’s strength or weakness.

And the price of this dependence is steep. Every time the U.S. Federal Reserve raises interest rates, shockwaves ripple across Africa, shaking fragile economies to the core. A single fluctuation in the dollar’s value can push nations closer to crisis.

In indigenous Africa alone, about 40% of public debt is external, and over 60% of that debt is denominated in dollars. That means even small shifts in the dollar can trigger big consequences, draining national budgets and deepening economic vulnerability.

Nowhere is this dollar dilemma clearer than in Nigeria. In 2023, the country poured billions of dollars into trying to keep its currency, the naira, afloat. But despite the effort, the naira still plunged by 40%.

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Original: https://youtu.be/HUchBylbD_4

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