The BRICS alliance is inspiring new countries to take up the de-dollarization initiative and ban the US dollar for trade. Developing countries in Africa and Asia find the idea of using local currencies lucrative and could boost their native economies. The development is adding pressure on the US dollar as more countries look to cut ties with the currency.
Read here to know how many sectors in the US will be affected if BRICS ditches the dollar for trade. Not just BRICS, now other developing countries are advancing the de-dollarization agenda to uplift and protect their native economies. A new country in Africa has now jumped on the de-dollarization bandwagon and is looking to ban the US dollar for trade.
Read the original story on BRICS NEWS
