Local Currency Trade Gains Momentum as Dollar Weakens
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BTCCSquare news:
The global shift toward local currency trade accelerates as the US dollar's dominance wanes. Thailand, Indonesia, and Malaysia lead the charge with their Local Currency Transaction Framework, while India, Russia, the UAE, and Iran explore alternatives, citing the dollar's volatility.
Trump-era tariffs and unattractive yields have eroded confidence in the greenback, pushing investors toward regional trade networks. The dollar's weaponization in geopolitical struggles has further dented its appeal, fueling a multipolar currency order.
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