2023-06-02 23:24:55
Countries with significant economic weight work day and night and intensify efforts to disengage from the dollar, which continues unabated in the developing countries of the world.
Pakistan and the disengagement from the dollar
Pakistan’s electricity minister said last month that his country was looking forward to paying for Russian crude imports in yuan, while the United Arab Emirates said earlier in 2023 that it was in early-stage talks with India on ways to boost non-oil trade in rupees.
The dreaded Brix
Earlier this week, BRICS foreign ministers discussed how the bloc could boost its influence globally, including the feasibility of creating a common currency.
The pace quickened
For his part, Vishnu Varathan, head of the economics and strategy department at Mizuho Bank in Singapore, confirms: “The pace of de-pegging from the dollar is undoubtedly accelerating, and this matter will continue for several years. The United States made a calculated decision to use the dollar in sanctions, but the consequences of this may appear in the long term.” the long”.
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