De-Dollarization Trend Will Persist Despite Trump’s Opposition

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De-Dollarization Pattern Will Persist Regardless of Trump’s Opposition

Sputnik Worldwide

The shift in direction of nationwide currencies and a multipolar world is right here to remain, says Lillie Ferriol Prat, a analysis assistant on the South African DUT BRICS Analysis Institute.

2025-02-03T19:29+0000

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US President Donald Trump has threatened 100% tariffs on BRICS nations in the event that they tried to interchange the US greenback with a typical foreign money. The Kremlin dismissed that warning, stating no such plan is at present on the desk. Ferriol Prat notes that sanctions are sometimes ineffective, particularly as BRICS+ now represents over 50% of the worldwide inhabitants. She believes Trump’s rhetoric is aimed on the home viewers. Trump is escalating opposition to alternate options to the greenback. On January 23, he signed an govt order banning Central Financial institution Digital Currencies (CBDCs) within the US, with language suggesting different nations’ CBDCs may be focused, some consultants say. The Atlantic Council’s CBDC Tracker exhibits 134 nations – overlaying 98% of world GDP – are exploring digital currencies, together with BRICS nations. Because the freezing of Russia’s sovereign belongings in 2022, cross-border wholesale CBDC initiatives have greater than doubled. The Kremlin has mentioned the transfer shattered belief within the greenback and euro.

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de-dollarization, brics, donald trump, brics bridge, cbdc, digital currencies, alternative for us greenback, trump’s risk to impose 100% tariffs on brics, brics foreign money

Ekaterina Blinova

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The shift in direction of nationwide currencies and a multipolar world is right here to remain, says Lillie Ferriol Prat, a analysis assistant on the South African DUT BRICS Analysis Institute.

Ferriol Prat notes that sanctions are sometimes ineffective, particularly as BRICS+ now represents over 50% of the worldwide inhabitants. She believes Trump’s rhetoric is aimed on the home viewers.

“I feel it’s a matter of preserving confidence and nationwide vanity,” Ferriol Prat tells Sputnik. “The present greenback financial mechanic is in want of pressing reform as their persisting debt ceiling disaster signifies. This prompts to self-reflection on the origin, execution and results of the American Dream. It’s a very delicate steadiness to embark in a self-reflection of this magnitude whereas sustaining the sense of unity and confidence.”

Trump is escalating opposition to alternate options to the greenback. On January 23, he signed an govt order banning Central Financial institution Digital Currencies (CBDCs) within the US, with language suggesting different nations’ CBDCs may be focused, some consultants say.

The Atlantic Council’s CBDC Tracker exhibits 134 nations – overlaying 98% of world GDP – are exploring digital currencies, together with BRICS nations.

Because the freezing of Russia’s sovereign belongings in 2022, cross-border wholesale CBDC initiatives have greater than doubled. The Kremlin has mentioned the transfer shattered belief within the greenback and euro.