DE-DOLLARIZATION: Russia Officially Calls on BRICS Nations to Ditch U.S. Dollar

• DE-DOLLARIZATION: Russia Officially Calls on BRICS Nations to Ditch U.S. Dollar
  by ETHAN HUFF, https://www.naturalnews.com/
  It is time for all member nations of BRICS (Brazil, Russia, India, China, South Africa, Argentina, Ethiopia, Egypt, Iran, Saudi Arabia and the United Arab Emirates) to drop the United States dollar in favor of local currencies for financial relations and settlements, according to Russian Finance Minister Anton Siluanov this week, at the Russia-China Financial Dialogue forum in Beijing.
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  At the meeting Siluanov met with Lan Fo’an, his Chinese counterpart, to discuss new ways to facilitate making trade payments in local currencies rather than the U.S. dollar as part of a long-term de-dollarization strategy that aims to unseat America from global trade dominance.
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  “We need to further develop financial cooperation within the BRICS countries,” Siluanov added. “Here we see opportunities … to develop a payments system that would be independent of the infrastructure, which does not always fully fulfill the goals of individual countries.”
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  “Therefore, the sustainable development of financial relations and settlements on the BRICS platform is important for us, and we believe that it is necessary to work out such issues, and today we will consider a number of them.”
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  (Related: Check out our earlier report about Russia’s upcoming plans to release a new BRICS currency to compete with the dollar – it should be ready by next summer, Russia says.)
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  The U.S. dollar won’t be king for much longer
  Many BRICS partners are already making trades with local or alternative currencies after sanctions stemming from the war in Ukraine effectively cut Moscow off from the Western financial system.
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  Rather than kowtow to Western demands, Russia and its partners have instead been laying the groundwork for a new world order that will eventually cut off the West from global trade after the U.S. has been unseated as the global economic superpower.
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