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BTCC / BTCC Square / Global Cryptocurrency /
Algeria Joins BRICS New Development Bank in Accelerating De-Dollarization

Algeria Joins BRICS New Development Bank in Accelerating De-Dollarization

Author:
Global Cryptocurrency
Published:
2025-05-23 11:12:01
16
2

Algeria’s formal accession to the BRICS New Development Bank marks a pivotal moment in the global shift away from US dollar dominance. The MOVE amplifies the bank’s capacity to promote local currency transactions and alternative settlement mechanisms, directly challenging Western financial hegemony.

NDB President Dilma Rousseff underscores the strategic importance of this expansion, noting its role in institutionalizing currency substitution trends. The development aligns with broader BRICS efforts to reshape international finance through decentralized alternatives to dollar-denominated systems.

|Square

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