The US dollar has been the official currency for international trade for years now. However, in recent times there has been talk of creating a new currency to dump the dollar and push back against American hegemony.

By Coleman Group Partners | April 6, 2023

This de-dollarization has received a boost in recent times, especially after the Russia-Ukraine war began last February. And last week, this movement received further impetus when Alexander Babakov, the deputy chairman of the State Duma, was quoted as saying that the BRICS nations are in the process of creating a new medium for payments —…

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