{"id":145080,"date":"2024-10-19T15:57:36","date_gmt":"2024-10-19T22:57:36","guid":{"rendered":"https:\/\/www.lankaweb.com\/news\/items\/?p=145080"},"modified":"2024-10-19T15:57:36","modified_gmt":"2024-10-19T22:57:36","slug":"goodbye-dollar-dominance-brics-plans-multi-currency-system-to-transform-global-financial-order","status":"publish","type":"post","link":"https:\/\/www.lankaweb.com\/news\/items\/2024\/10\/19\/goodbye-dollar-dominance-brics-plans-multi-currency-system-to-transform-global-financial-order\/","title":{"rendered":"Goodbye, dollar dominance: BRICS plans &#8216;multi-currency system&#8217; to transform global financial order"},"content":{"rendered":"<div id=\"container\" class=\"style-scope ytd-channel-name\">\n<h2 id=\"text-container\" class=\"style-scope ytd-channel-name\"><span style=\"color: #0000ff;\"><em><a class=\"yt-simple-endpoint style-scope yt-formatted-string\" style=\"color: #0000ff;\" spellcheck=\"false\" href=\"https:\/\/www.youtube.com\/@GeopoliticalEconomyReport\">Geopolitical Economy Report<\/a><\/em><\/span><\/h2>\n<\/div>\n\n\n<p>BRICS plans to challenge US dollar dominance and transform the international monetary and financial system by developing infrastructure for cross-border payments using local currencies. Russia made a detailed proposal for the October Kazan summit. Ben Norton analyzes the report, explaining how the US-dominated financial system benefits rich Western countries at the expense of the Global South &#8212; which is why BRICS is pushing to change it.<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio\"><div class=\"wp-block-embed__wrapper\">\n<iframe loading=\"lazy\" title=\"Goodbye, dollar dominance: BRICS plans &#039;multi-currency system&#039; to transform global financial order\" width=\"500\" height=\"281\" src=\"https:\/\/www.youtube.com\/embed\/3pHr5yzLEHA?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe>\n<\/div><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>Geopolitical Economy Report BRICS plans to challenge US dollar dominance and transform the international monetary and financial system by developing infrastructure for cross-border payments using local currencies. Russia made a detailed proposal for the October Kazan summit. Ben Norton analyzes the report, explaining how the US-dominated financial system benefits rich Western countries at the expense [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"","sticky":true,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6,10],"tags":[],"class_list":["post-145080","post","type-post","status-publish","format-standard","hentry","category-politics","category-world"],"_links":{"self":[{"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/posts\/145080","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/comments?post=145080"}],"version-history":[{"count":0,"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/posts\/145080\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/media?parent=145080"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/categories?post=145080"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/tags?post=145080"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}