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De-Dollarization Momentum Sparks Global Currency Debate Amid BRICS Expansion
De-Dollarization Momentum Sparks Global Currency Debate Amid BRICS Expansion
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BRICS nations are advancing alternative financial systems as de-dollarization discussions gain traction. The coalition’s BRICS Pay initiative—a decentralized payment network facilitating local currency transactions—challenges the US dollar’s dominance. Central banks worldwide are accelerating Gold acquisitions, with 2024 purchases exceeding 1,045 metric tons for the third consecutive year.
Market data reflects shifting dynamics: $63 billion exited US equities between March and April 2025, while the dollar index fell 8% year-to-date. These movements underscore tangible power shifts in global finance, moving beyond theoretical debates into actionable policy and market behavior.
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