In recent years, the topic of de-dollarization has gained increasing attention in global financial discussions. De-dollarization refers to the process of reducing dependence on the U.S. dollar (USD) in international trade, foreign reserves, and investment. While the dollar has historically been the dominant global currency, this trend has been gaining
Tag: global currency
BRICS Nations’ Blockchain Payment System: The Urgent Need for Global Regulations
In recent years, the BRICS nations—Brazil, Russia, India, China, and South Africa—have emerged as influential global players, particularly in economic and geopolitical arenas. Their collective efforts have been geared toward reshaping the international financial landscape, reducing reliance on traditional Western-dominated institutions like the U.S. dollar and the International Monetary Fund