The Global Economic Shifts Creating An Independent Financial System

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The next economic global shift that we might likely experience would be de-dollarization which at the beginning of the second quarter of this year was a conversation picked up by the BRICS, the warhead Russia is at the forefront of this as recent event reports that the country is in talks with Islamic states about the global financial system.

The Russian deputy prime minter in a report says that the talks are about financial independence, and increment in the production of food, energy and industrial products. A statement recorded says that their relationship with the Islamic states is influenced by global shifts that are taking place and global trends. We are talking about processes of de-dollarization and the creation of an independent financial system.

This broader agenda and how it affects countries and relationships allows us to see that relations between Russia and the Islamic states have a very large and very positive future. The government is doing a lot to ensure further development along these lines.

So for me, I would say this discussion came in line with the sanctions in the country bagged from the geo-political war against its neighbouring country Ukraine. It’s been said that 80% of their mutual agreements and transactions are being settled in their native currencies.

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