BRICS: 12 Countries DITCHING US Dollar, Pay 85% Trade in Local Currencies! What comes next?
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After BRICS, a new alliance has kick-started the de-dollarization process and is using local currencies for trade and not the US dollar.
The Commonwealth of Independent States (CIS), which consists of 12 countries, has settled 85% of cross-border transactions in national currencies.
The CIS bloc, barely used the US dollar for trade settlements this year ushering into a new financial landscape.
The development is adding pressure on the US dollar as both BRICS and CIS are indulging in de-dollarization initiatives.
The CIS consists of 12 countries including Armenia, Azerbaijan, Belarus, Georgia, Kazakhstan, Kyrgyzstan, Moldova, Russia, Tajikistan, Turkmenistan, Ukraine, and Uzbekistan.
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LOL. there are an awful lot of stories trying to induce fear the dollar is going to collapse. it aint gonna happen in our lifetimes