Countries tied to the dollar are at the mercy of US monetary policy. When the US raises interest rates, the pain is felt worldwide. This system benefits the US while trapping developing nations in economic strangleholds. The dollar has become a weapon, and many countries are ready to break free.
• BRICS: The Beacon of De-Dollarization: BRICS represents a collective effort to escape the US-led financial system. Originally formed to counterbalance Western institutions, BRICS is now spearheading a de-dollarization movement. The nearly 40 countries expressing interest in joining are driven by a desire to shift to local currencies and break their reliance on the US dollar.
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