“Nuclear Strike” on Dollar and the West: Russia Introduces BRICS Currency – It Will Be Based on the Golden Rule and Natural Resources! – See images
- Original article in Greek, machine translated into English.
- “Nuclear Strike” on Dollar and the West: Russia Introduces BRICS Currency – It Will Be Based on the Golden Rule and Natural Resources! – See images
by https://warnews247.gr/
UAE and Saudi Arabia celebrate – Blow to the global financial system
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Russia has released the first images of the BRICS currency to be released, causing shock in the West and concern in the US. This move is equivalent to a “nuclear blow” to the dollar and the global financial system. The world is again divided into West and East with two different systems of economic transactions.
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The BRICS currency was unveiled at a ceremony to celebrate the UAE’s admission to the BRICS+ bloc in South Africa!
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Information indicates that especially the UAE and Saudi Arabia are celebrating the development as the currency will be linked to oil (natural resources) and this means for these states a disconnection from the dollar and American hegemony.
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The atmosphere is more than triumphant. The move to a gold-backed trading currency will undermine the dollar’s purchasing power, leading to higher oil and gas prices, particularly as depleted Western reserves need to be replenished ahead of the northern hemisphere’s winter months.
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We remind you that the BRICS group initially invited Saudi Arabia, Iran, Ethiopia, Egypt, Argentina and the United Arab Emirates to join the bloc.
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read more.
UAE to witness ‘growing enthusiasm’ for investment opportunities after BRICS invite
'The UAE has been actively working on diversifying its economy, away from oil dependency. The other reason is geo-political influence,' @Najat_AlSaeed explains#MiddleEastNow | @laura_i24 pic.twitter.com/5iQVgHgn59
— i24NEWS English (@i24NEWS_EN) September 7, 2023
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