BRICS challenges US dollar, Saudi considers selling oil in other currencies: Financial multipolarity

The BRICS bloc (Brazil, Russia, India, China, South Africa) is “developing a fairer system of monetary exchange” to challenge the “dominance of the dollar”. Saudi Arabia is considering selling oil in other currencies. Economist Zoltan Pozsar says the US “unipolar era” is over.

Sources and more information here: https://geopoliticaleconomy.com/2023/01/21/brics-us-dollar-saudi-oil-currency-multipolar

China ‘counters US dollar hegemony’ with gold reserves, Argentina yuan currency swap deal: https://geopoliticaleconomy.com/2023/01/08/china-dollar-gold-reserves-argentina-yuan

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