Beyond Dollar Monopoly: Decoding BRICS De-Dollarization, Eurozone Precedents, And Public International... - Live Law
Beyond Dollar Monopoly: Decoding BRICS De-Dollarization, Eurozone Precedents, And Public International... - Live Law
Source: Live Law
―
DW NOTE
The Eurozone never de-dollarized — it shifted from dollar reserves to dollar-denominated trade settlement while running a persistent current account surplus. BRICS economies run deficits, hold dollar debt, and depend on dollar-based energy markets. The analogy fails at every structural level, but that won't stop officials from citing it as precedent while their central banks quietly buy Treasuries.