De-dollarization: Why BRICS & Global South want alternatives to US dollar
The expanding BRICS bloc and many Global South co…
Geopolitical Economy Report · Ben Norton
January 10, 202418m 30s
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Show Notes
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