Politics

De-Dollarization Advances: Russia and China Ditch US Currency in Their Trade Settlements

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Feeble and ineffective US President Joe Biden’s administration from hell is rapidly squandering away America’s soft and hard power – to the point where multipolarity is starting to take a life of its own.

The BRICS countries, who represent 29% (and rising) of the world’s GDP, has vowed to undertake a process of dedollarization of their trade settlements.

Read: “You Will Never Defeat Us” – Russia Downplays New Sanctions Package, as Moscow Expected to See Bigger Economic Growth Than US or the EU

The group foremost countries, China and Russia, are on the forefront of this process, so much so that we learn from a WION report that “Russia and China have completely abandoned the use of Western currencies,

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