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US Accelerates Dollarization Push in Eight Economies to Counter BRICS De-Dollarization
US Accelerates Dollarization Push in Eight Economies to Counter BRICS De-Dollarization
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BTCCSquare news:
The Biden administration is aggressively promoting full dollarization in Lebanon, Pakistan, Ghana, Turkey, Egypt, Venezuela, Zimbabwe, and Argentina. This strategic MOVE directly counters BRICS-led de-dollarization efforts threatening US financial hegemony. Washington frames dollarization as both an economic stabilizer and geopolitical weapon.
In August, Johns Hopkins professor Steve Hanke—a leading dollarization scholar—was summoned to the WHITE House for closed-door consultations. The meeting included 15 senior economists and NSC advisors, revealing the administration's intent to weaponize currency policy. Discussions focused on leveraging dollarization to maintain America's financial supremacy amid BRICS' currency ambitions.
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