Woodznutz
Platinum Member
- Dec 9, 2021
- 19,160
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It will be interesting to see what happens when these counties remove our dollars from their economies."De-dollarization is real and happening fast."
The dollar's share of world trade has fallen from 73% (2001) to 55% in (2020).
The collapse from 55% to 47% since sanctions were imposed on Russia, and de-dollarization is now happening 10 times faster than it did in the previous two decades."
On June 2-3, the BRICS bloc will meet in Cape Town to discuss expansion, Bloomberg reported, citing South African Ambassador Anil Suklal.
According to the ambassador, thirteen countries have formally submitted a request to join, while another six have done so unofficially.