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The Rise of BRICS, De-Dollarization, and the Global Economy

Posted on AllSides June 2nd, 2024
From The Right

Dollarization, or in the case of some Eastern European countries euroization, is an economic occurrence when foreign currency is used in parallel with the domestic currency. There are various degrees of dollarization/euroization. The reasons for this phenomenon are country-specific, but in most cases, the root cause is the instability of the domestic currency.

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