{"id":132296,"date":"2024-06-23T19:00:58","date_gmt":"2024-06-23T16:00:58","guid":{"rendered":"https:\/\/cryptodnes.bg\/eng\/?p=132296"},"modified":"2024-07-16T14:06:03","modified_gmt":"2024-07-16T11:06:03","slug":"brics-developing-countries-unite-to-fight-the-dollar","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/brics-developing-countries-unite-to-fight-the-dollar\/","title":{"rendered":"BRICS: Developing Countries Unite to Fight The Dollar"},"content":{"rendered":"
Over 200 mayors from these countries were invited<\/strong> at the BRICS+ forum scheduled for June 21, 2024 to discuss reducing dependence on the US dollar and promoting the use of local currencies.<\/p>\n The aim of this initiative is to empower developing countries by giving them a platform to share their perspectives and strengthen their economies. The purpose of the alliance is to gradually reduce the dominance of the US dollar in world trade.<\/p>\n The potential impact of dedollarization on the US economy could be significant, leading to higher inflation and higher costs of essential goods. The main beneficiaries of this change will be the BRICS countries as they seek to prioritize their local currencies in international trade.<\/p>\n