“Global De-Dollarization: Navigating Economic Chaos and Change"

The United States, historically a kingpin in the global money arena, has been known to flex its financial muscle, imposing sanctions and exerting influence. The US has effectively weaponized its currency, imposing sanctions on countries accounting for a significant 29% of the global economy and 40% of the world's oil reserves. These sanctions adversely impact

countries' capacity to trade on an international platform, thereby motivating the desire for de-dollarization amongst the now BRICS bloc members. Amid these shifts, the US grapples with its internal challenges - soaring inflation, a towering national debt of $35 trillion climbing a trillion dollars every 100 days and an impending banking crisis due to $929 billion of commercial real estate debt.

In light of these circumstances, BRICS and its new members are looking towards doing business in a multipolarity currency system, effectively reducing their dependency on the US dollar. Multi-polarity currency is when countries use their own currency, not just the dollar in global trade and economics. Why is this shift happening and why now? As we delve into this monumental shift, we will detail the top five reasons why these nations want to de-dollarize to a The global de-dollarization campaign is gaining momentum, as countries (71) around the world seek alternatives to the hegemony of the US dollar. China, Russia, Brazil, India, 10 ASEAN Nations, Latin America, Kenya, Saudi Arabia, and the UAE are now using local currencies in trade. De-dollarization is the process where a country shifts from using the U.S. dollar to its own national

multipolarity currency system, breaking down the complexities, so you will easily understand the dynamics of this significant move. Let's take a journey together into a world where the standard set by the dollar is waning.

currency for economic transactions. It helps the country have more control over its economy but needs strong trust in the national currency. Now, why might these nations have such a keen interest in de-dollarization? 10 ASEAN Countries to Ditch The US Dollar: https://watcher.guru/news/10-asean-countries-to-ditch-the-u-s-dollar