R.I.P. Bretton Woods II
Malaysia is actively expanding the use of national currencies, bypassing the US dollar.
Uzbekistan joined the BRICS New Development Bank.
~96% of India-Russia trade now in national currencies
Nearly all Russia-China trade is now conducted in national currencies.
India and the UAE use the Local Currency Settlement mechanism for trade in their own currencies.
China and Brazil are bypassing the dollar following a 2023 agreement for direct settlements in national currencies.
Still think de-dollarisation is just a myth?
Quote
Sputnik India
@Sputnik_India
ยท
Uzbekistan jumps ship: joins BRICS bank amid exodus from Western finance
The West-dominated financial order is under growing pressure as the BRICS New Development Bank (NDB) welcomes Uzbekistan as a new participant.
As a BRICS partner state, Uzbekistan will now gain
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