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The US dollar is now attracting more foes than ever, as countries and growing economies continue to abandon the US dollar in a rising new trend. This trend has primarily been fueled by President Donald Trump’s aggressive tariff policies, which have led the world collectively to ditch the US dollar to some extent. This fact has now been confirmed by Egyptian PM Mostafa Madbouly, who shared how local currency trade is now gaining worldwide momentum. Also Read: Russia Says Joe Biden is Responsible For the US Dollar’s Decline More Nations Are Dumping the US Dollar, Want to Conduct Trade in Local Currency Source: Watcher.Guru The prime minister of Egypt, Mostafa Madbouly, has confirmed a striking speculation. The fact that the global nations are spearheading ways to expand local currency usage in bilateral trade is now gaining immense traction within the countries. Madbouly responded to a question asked by a TV BRICS journalist, claiming that several BRICS nations have already started to de...

A handful of developing countries from across the globe are expressing their interest in joining the BRICS alliance. From Asia to Africa and Europe, emerging economies find the prospects of the bloc alluring. The progressive nature of BRICS is drawing them towards the group in an effort to self-sustain their economy. Also Read: More Countries Ready to Join BRICS Alliance Read here to know how many sectors in the US will be affected if the BRICS alliance ditches the dollar for trade. The move will strengthen local currencies and dim the light on the prospects of the US dollar. The financial power could shift from the West to the East leading to a paradigm shift in the global economy. New Country Looks To Join BRICS Alliance Source: news.bitcoin.com Zimbabwe is the new country that is aggressively pursuing to join the BRICS alliance in 2025. The African nation revealed that it wants to join forces outside the Pan-African region to gain growth through fostering economic partnerships. Zimb...