The Realistic Strategy for De-Dollarization: Challenges and Feasibility
===============
#6b727f09 ver:0.14
Russian President Putin criticizes the US for abandoning the gold standard and leaving the dollar as a trust-based currency. BRICS countries aim to reduce reliance on the dollar, proposing alternatives like gold, silver, and cryptocurrencies. However, replacing the dollar is challenging due to its deep-rooted presence in the global economy. De-dollarization carries implications for economic stability, sovereignty, and power dynamics. Careful navigation and trust in new financial mechanisms are crucial. Russia intensifies efforts to de-dollarize its economy to bolster sovereignty and reduce vulnerability to sanctions. The decline in the use of Western currencies reflects a shift towards promoting the ruble and other national currencies. The end of the petrodollar agreement raises concerns about the future of the US economy. De-dollarization is a strategic goal, but a general replacement of the dollar system is not feasible in the short term. Focus on economic policies and development is essential. #DeDollarization #BRICS #EconomicRelations #GlobalFinance...
#newstr #Dedollarization #UsDollar #InternationalTransactions #EconomicSanctions #GlobalEconomy #China #ProgressiveForces
https://here.news/story/6b727f09?ver=0.14
Vladimir Putin Criticizes the U.S. Dollar and BRICS Efforts in De-Dollarization /
npub1de…f0a5c
2024-06-19 02:55:11
Author Public Key
npub1dehn0te39y87vefwq8kn0rfxcff747kuyhnkrlm7aaajpqd9m22slf0a5cPublished at
2024-06-19 02:55:11Event JSON
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"content": "The Realistic Strategy for De-Dollarization: Challenges and Feasibility\n===============\t\n#6b727f09 ver:0.14\n\nRussian President Putin criticizes the US for abandoning the gold standard and leaving the dollar as a trust-based currency. BRICS countries aim to reduce reliance on the dollar, proposing alternatives like gold, silver, and cryptocurrencies. However, replacing the dollar is challenging due to its deep-rooted presence in the global economy. De-dollarization carries implications for economic stability, sovereignty, and power dynamics. Careful navigation and trust in new financial mechanisms are crucial. Russia intensifies efforts to de-dollarize its economy to bolster sovereignty and reduce vulnerability to sanctions. The decline in the use of Western currencies reflects a shift towards promoting the ruble and other national currencies. The end of the petrodollar agreement raises concerns about the future of the US economy. De-dollarization is a strategic goal, but a general replacement of the dollar system is not feasible in the short term. Focus on economic policies and development is essential. #DeDollarization #BRICS #EconomicRelations #GlobalFinance...\n\n#newstr #Dedollarization #UsDollar #InternationalTransactions #EconomicSanctions #GlobalEconomy #China #ProgressiveForces \n\n https://here.news/story/6b727f09?ver=0.14",
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