The Rise of ‘De-dollarisation’: The Battle for Economic Independence Amidst Russia-Ukraine Conflict
2 min read
Staff Editor
July 25, 2023
Amidst the intensifying conflict between Russia and Ukraine, Russia's foreign currency reserve of $300 billion has been frozen and its banks have been barred from the Swift international payment system. This has sparked a significant movement towards 'de-dollarisation' in global trade, with countries like BRICS contemplating alternative payment methods....