Stay updated with breaking news from Dedollarisation. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
The historic three-day BRICS Summit 2023 wrapped up on August 24 in the South African city of Johannesburg. What are the results of the event and how could it affect the global balance of power in the near future? ....
About the d dollarisation of the brics nation. he spoke about the war in the ukraine and said there was a unanimous stand for reshaping the world order to make it into a more equitable one. of course, you would recall that brics is trying to plot itself against the g7, to create a new world order, to ensure the world domination of america is lessened, particularly when it comes to international trade. this comes a . ainst international trade. this comes against the international trade. this comes against the backdrop international trade. this comes against the backdrop of - against the backdrop of politicisation of trade anyway, we see that between their relationship between the us and china. tt’s see that between their relationship between the us and china. it s also what s president ....
Really aimed at bringing together in trade terms, those countries formed of the brics nations, brazil, russia, india, china and south africa as the main nations. as president putin alluded there, they intend to broaden the membership of the group. those have political consequences, what you re talking about there is increasing trade ties and has been broader call to try and reduce dollarisation, the influence of the us dollar in these countries. there s also been talks of forming a one currency in these nations. it does reflect the intention dared to try and form a closer economic bond between the participant countries. ....
Perception of the africans themselves. they perceive they are against, i m not sure that the west seesit against, i m not sure that the west sees it quite the same way. but you have to sick account of the perception of others when you run into this kind of situation. and i think we do have to be a little more careful in the west about not engaging in arrogant processes and i think we have been guilty of that in the past. think we have been guilty of that in the ast. ., ~ think we have been guilty of that in the ast. . ~ ., ., the past. talk to me about the dollar, david, the past. talk to me about the dollar, david, if the past. talk to me about the dollar, david, if you the past. talk to me about the dollar, david, if you would. i the past. talk to me about the l dollar, david, if you would. one the past. talk to me about the i dollar, david, if you would. one of the lines we had from president putin tonight is that the d dollarisation of these brics countries is under way, is be ....
Earlier at the brick summit it made me smile because honestly he is speaking up from a position of strength and our own currency but from the profound weakness of the rouble against the dollar. i think thatis rouble against the dollar. i think that is a cautionary tale for the other leaders as they look to the thought of the dollarisation. it is because the dollar is such a strong and predictable currency that it is the world reserve currency and is used for trade and economic purposes because it is predictable and provides predictability and value across international markets, including for countries that are rather less advantage in the economic trading. that s one point. the other point is it is clear that sanctions against russia are working. the reason the rouble is so weak is because of pressure on imports. the russians are forced to imports. the russians are forced to import so much and they have to use hard currency to do that. of course ....