BRICS Bank is de-dollarizing, promises loans in local currencies to help Global South develop

The new chief of the BRICS bloc’s New Development Bank, Brazil’s leftist ex-President Dilma Rousseff, revealed they are gradually moving away from the US dollar, promising at least 30% of loans in local currencies of members, to help countries in the Global South build infrastructure and fight poverty. Sources and more information here: BRICS challenges US ‘dollar dominance’, Saudi considers selling oil in other currencies: New multipolar economic order: Brazil’s Lula travels to China and calls to end US dollar dominance: || Geopolitical Economy Report || Please consider supporting us at Patreon: Podcast: Newsletter: