Keywords: Local currencies


African countries accelerate shift away from the U.S. dollar in regional trade

A growing number of African countries are accelerating efforts to reduce their dependence on the U.S. dollar by expanding the use of local currencies and the Chinese yuan in trade and financial transactions. The trend reflects a broader strategy to strengthen monetary independence, lower transaction......

Brics nations advance de-dollarization, reshaping global financial order

A growing movement among Brics nations to reduce reliance on the US dollar in global trade is challenging longstanding American financial dominance. By adopting local currencies for international transactions, the alliance of emerging economies is reshaping the global financial landscape and provoking......