Saturday, 23 May 2026

Still think de-dollarisation is just a myth?

 https://x.com/Sputnik_India/status/2057876645877534847

@Sputnik_India
๐Ÿšจ R.I.P. Bretton Woods II ๐Ÿ‡ฒ๐Ÿ‡พ Malaysia is actively expanding the use of national currencies, bypassing the US dollar. ๐Ÿ‡บ๐Ÿ‡ฟ Uzbekistan joined the BRICS New Development Bank. ๐Ÿ‡ฎ๐Ÿ‡ณ๐Ÿ‡ท๐Ÿ‡บ ~96% of India-Russia trade now in national currencies ๐Ÿ‡ท๐Ÿ‡บ๐Ÿ‡จ๐Ÿ‡ณ Nearly all Russia-China trade is now conducted in national currencies. ๐Ÿ‡ฎ๐Ÿ‡ณ๐Ÿ‡ฆ๐Ÿ‡ช India and the UAE use the Local Currency Settlement mechanism for trade in their own currencies. ๐Ÿ‡จ๐Ÿ‡ณ๐Ÿ‡ง๐Ÿ‡ท 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
๐Ÿšจ๐Ÿ‡บ๐Ÿ‡ฟ 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

https://x.com/Sputnik_India/status/2057876645877534847

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