26 April 2024

Reducing Dollar-Exposure Risk


Brazil, Russia, India, China and South Africa, together known as the BRICS nations, discussed de-dollarization at a summit last August. 
That group is gaining global heft after inviting key oil-producing nations Saudi Arabia and the United Arab Emirates, along with others in an expansion move this year.

  • BRICS nations lead global debate over reducing dollar exposure
  • Trump says Biden policies undermining respect for US currency
Another funny economic idea: Donald Trump's econ advisers discuss penalties for nations that de-dollarize. BRICS nations lead global debate over reducing dollar exposure. #China has reduced holdings of US Treasuries to $775bn, down from ATH of $1.3tn. bloomberg.com/news/articles/
How Would a New BRICS Currency Affect the US Dollar? (Updated 2024) | Nasdaq
Does BRICS adding new nations put the dollar at more risk? | Fortune Europe

No comments:

CRYPTO MEME TOKEN JUMPS: Creating Market Value

Dogecoin increased by as much as 24.6% on Tuesday to nearly $0.44 and by about 10% on Wednesday to over $0.42 as of around 10:25 a.m. EST, s...