Petrodollar's Influence Wanes as BRICS and Europe Explore Alternative Trade Currencies
Petrodollar's Influence Wanes as BRICS and Europe Explore Alternative Trade Currencies
Published on
While the petrodollar is not collapsing, there is a clear trend of BRICS nations and some European countries opting to settle international trade using their local currencies. This shift signals a gradual erosion of the petrodollar's long-standing dominance in global commerce.
Is the Petrodollar Losing Power as BRICS & Europe Use Other Currencies
The petrodollar is not collapsing, but BRICS nations and parts of Europe are increasingly settling trade using local...