In fact, the new BRICs bank will function both as a bank of international settlement, as well as a lender of last resort, eliminating the need for the BIS and IMF, which currently reside under dollar dominion. (file pic) pic.twitter.com/7J9KYipvmB, People's Daily, China (@PDChina) March 29, 2023. Global gold production has grown exponentially since the 1800s, with 86% of all above-ground gold mined in the last 200 years. [67] In 2017, SPFS, a Russian replacement of the SWIFT financial transfer system, was developed by the Central Bank of Russia. Protect your wealth my friends. [34][35], In June 2021, Russia stated it will eliminate the dollar from its National Wealth Fund to reduce vulnerability to Western sanctions just two weeks before Russia's president Vladimir Putin held his first summit meeting with U.S. leader Joe Biden. In South America, Chinas yuan has made greater inroads. Language links are at the top of the page across from the title. I just wish people had common sense and could figure this s**t out! The footprint of the U.S. will be reduced around the world but at home the U.S. will roar economically because there wont be any other choice. And with the US Federal Reserve constantly raising interest rates, the dollar has become so strong that it is hurting the currencies of other countries, making imports more expensive. Countries Moving Away From Dealings With The US Dollar. History is full of sudden currency collapses. The upcoming BRICS summit is set for August 22nd in South Africa. Please help update this article to reflect recent events or newly available information. Foreign Countries that Use the US Dollar (2020) | Airfarewatchdog Blog More Countries Repatriating Their Gold and Ditching the Dollar one more ignorannt fromw est who cant understand that the shifintg of wealth was already eneterd in the mid of operation and now the shift of geopolitical ballance is inteh makeingall started in 2008 with GFCand it contiune with us bailing put teh corporations and the printing of money like ios no tomorow.How do you want to keep the dominance in the workd when the money u printed have no backing of some comodities..BUT the most idiotic thing that bring us in this moment is the over use of sanctions to the US oponents and to the countrys that do not bent to US willwhy we should suport ignorants like you to live a life in a stile of grandor that is payed by the rest of the worlswhy should my country pay for US debt????
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