Tag Archives | Dilma Rousseff

Threats to the hegemony of the dollar

Originally published: Peoples Democracy on April 30, 2023 (more by Peoples Democracy) |

JANET Yellen, the U.S. treasury secretary, has finally acknowledged what has been obvious to most people for quite some time, namely that the imposition of sanctions against countries that the U.S. is hostile to, runs the risk of jeopardizing the hegemony of the dollar as the world’s reserve currency.
BRICS Bank de-dollarizing, promises 30% of loans in local currencies, new chief Dilma Rousseff says

Originally published: Geopolitical Economy Report on April 15, 2023 (more by Geopolitical Economy Report) |

The new chief of the BRICS bloc’s New Development Bank, Brazil’s leftist ex-President Dilma Rousseff, revealed they are gradually moving away from the U.S. dollar, promising at least 30% of loans in local currencies of members.