@abhi121
De-dollarisation: Key BRICS nations (India, Brazil, China) reduced their U.S. Treasury holdings by ~$29 billion in one month (September).
This is being projected as a shift away from the US dollar system. ðŸ§
De-dollarisation means: Reducing dependence on the US dollar in:
• Trade settlements
• Forex reserves
• Global financing
• Increasing use of: Local currencies (₹, ¥, ¥uan, Real)
• Gold Bilateral trade agreements
It is not about killing the dollar overnight.
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