ISDEI Instituto de Seguridad, Defensa y Estudios Internacionales

De-Dollarization Efforts BRICS Financial Strategies : The BRICS nations (Brazil, Russia, India, China, and South Africa) have accelerated their initiatives to reduce reliance on the US dollar. At the recent BRICS summit, member countries discussed creating a new international currency and increasing trade in local currencies. This move aims to challenge the dollar's dominance in global trade and finance. Impact on Western Economies : A successful shift away from the dollar could weaken the economic influence of the United States and its allies. It may lead to reduced demand for US Treasury securities, potentially increasing borrowing costs for the US government. Central Banks Accumulating Gold Record Gold Purchases : Central banks, especially in emerging economies like Russia, China, and Turkey, have been purchasing gold at record levels. This strategy is seen as a hedge against currency volatility and geopolitical uncertainties. Shift in Monetary Policy : The accumulation of gold ...