Brazil and China say goodbye to the US dollar: trade in their own currencies in the future!

Brazil and China say goodbye to the US dollar: trade in their own currencies in the future!

The dollar loses its throne!Brazil and China, two powerful members of the BRICS alliance, are making a bold statement against the dominance of the US dollar. Officially, the two countries agreed to settle their cross-border payments in local currencies, a move that is turning heads! With the tailwind of the Lula da Silva government, the Brazilian authorities are heading towards a life without the “green bills”. Before the big summit is just around the corner, Brasilia is working on ways to transfer payment transactions to the home currency with a big smile. This decision follows recent developments, as watcher.guru explains in a recent article.

Tatiana Rosito, Brazil's Secretary of State for Finance, points her finger at the clock and describes how trade is already partly conducted in local currencies! “There are no obstacles on Brazil’s side,” Rosito asserts briskly as BRICS loosens its grip on the dollar. The heady scent of “no dollars” wafts through the streets, and the BRICS New Development Bank is giving the alliance another colorful veneer toward economic renewal. Provides a deeper insight into the topic the post on watcher.guru.

With the vision to reduce costs and save local coffers, BRICS is showing the world how to party properly - without dollars in your pockets! The wind of change is blowing here, and the goal is clear: a new era of de-dollarization has dawned, and BRICS is dancing happily to the beat!