The Decline of the USD North Korean Analyst Highlights Growing De-Dollarization and BRICS Bloc"

2 years ago
4

In the article, a North Korean analyst warns about the declining status of the USD as the world's dominant currency. The analyst emphasizes that the U.S.'s efforts to restrict the usage of the dollar and the increasing interest of countries in joining the BRICS bloc are accelerating this decline. The article highlights the unfair international economic order centered around the U.S.-led monetary system as the driving force behind countries' desire to join BRICS. It also mentions the historical progression of the dollar's dominance and the U.S.'s exploitation of its position through financial sanctions. The analyst points out the shift towards de-dollarization, with countries opting for national currencies in international trade. Furthermore, the article notes the proposal for a common currency within the BRICS bloc and the bloc's growing political influence. Ultimately, the U.S.'s aggressive actions inadvertently contribute to the movement away from the dollar and the establishment of a new monetary system, while the BRICS bloc challenges the existing international order led by the U.S. and the West.

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