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Global Shift Away from USD Accelerates as Local Currencies Gain Traction
Global Shift Away from USD Accelerates as Local Currencies Gain Traction
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The dominance of the US dollar is facing unprecedented challenges as nations increasingly pivot toward local currencies. BRICS and ASEAN blocs are spearheading this movement, establishing intra-trade pathways that bypass the USD—a direct response to weaponization of the dollar through sanctions and tariffs.
"No reserve currency lasts forever," echoes a growing sentiment among sovereign states. The Guardian reports this structural shift is no longer theoretical but a survival strategy for economies seeking insulation from dollar volatility. Multipolar currency systems are now central to global financial discourse.
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