
Bitcoin.com News|Mar 17, 2025 22:39
🌍 International trade is evolving, with currencies beyond the U.S. dollar gaining traction! 🇻🇪 Venezuelan Foreign Minister Yvan Gil highlighted this shift, driven by the rise of the BRICS bloc and its push for de-dollarization.
In a recent article celebrating 80 years of relations with Russia, Gil stated that "at least 25% of global trade operations can be conducted without being tied to the dollar," marking a significant step towards financial independence for countries facing sanctions. 💱
While BRICS hasn't launched its own currency, the bloc is exploring a payment system based on national currencies under Brazil's presidency, potentially incorporating cryptocurrency for greater flexibility.
Despite Venezuela's vetoed entry into BRICS+, the country is still benefiting from these changes in international trade dynamics. Russian Foreign Minister Sergey Lavrov emphasized the importance of BRICS as a platform for the global South and East.
What are your thoughts on the future of trade and currency in a multipolar world? Let us know
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