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De-dollarization: Why BRICS & Global South want alternatives to US dollar episode artwork

EPISODE · Jan 10, 2024 · 18 MIN

De-dollarization: Why BRICS & Global South want alternatives to US dollar

from Geopolitical Economy Report · host Ben Norton

The expanding BRICS bloc and many Global South countries are trying to de-dollarize, diversifying their foreign exchange reserves and trading with local currencies, due to the threat of US sanctions and rising Fed interest rates that make it difficult to service dollar-denominated debt. Ben Norton explains. VIDEO: https://youtube.com/watch?v=qT8IwbTdia0

What this episode covers

The expanding BRICS bloc and many Global South countries are trying to de-dollarize, diversifying their foreign exchange reserves and trading with local currencies, due to the threat of US sanctions and rising Fed interest rates that make it difficult to service dollar-denominated debt. Ben Norton explains. VIDEO: https://youtube.com/watch?v=qT8IwbTdia0

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De-dollarization: Why BRICS & Global South want alternatives to US dollar

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How long is this episode of Geopolitical Economy Report?

This episode is 18 minutes long.

When was this Geopolitical Economy Report episode published?

This episode was published on January 10, 2024.

What is this episode about?

The expanding BRICS bloc and many Global South countries are trying to de-dollarize, diversifying their foreign exchange reserves and trading with local currencies, due to the threat of US sanctions and rising Fed interest rates that make it...

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