The Rise of BRICS, De-Dollarization, and the Global Economy
Economy And Jobs,World,BRICS,US Dollar,Global Economy,Brazil,Russia,India,China,Saudi Arabia,Eastern Europe
From the Right
AllSides Media Bias Rating: Lean 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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