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Eurasian Economic Union Accelerates De-Dollarization with $100 Billion Local Currency Trade
Eurasian Economic Union Accelerates De-Dollarization with $100 Billion Local Currency Trade
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The Eurasian Economic Union (EAEU) has reached a pivotal milestone in de-dollarization, settling 93% of its $100 billion cross-border trade in national currencies during 2024. Only 7% of transactions relied on the US dollar, marking a decisive shift away from traditional reserve currencies.
This strategic MOVE reflects a broader geopolitical realignment as regional blocs seek monetary sovereignty. The EAEU’s rapid adoption of local currencies—processing $93 billion in non-dollar trades—signals erosion of dollar dominance in global commerce.
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