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Egusi soup recipe. Pepper mix: red bell pepper, scotch bonnet and onions. Ps all proteins used was already cooked. #egusisouprecipe #nigerianfood #cookingistherapy #weekendcooking #nigerianfoodie
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Which sign means she likes you the most? đ§ . . . #thetreehouseshow #datingtips #cuffingadvice #relationshipgems #relationshipgems #datingpodcast @ETHERIO NOđN @vVAbundant
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âŁTrinibad Joins Forces with Digga D in Epic Collaboration
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Eleven Countries Announce Transition Away from the U.S. Dollar in 2025 A coalition of 11 nations, primarily members of the Commonwealth of Independent States (CIS), has announced plans to phase out the U.S. dollar in international trade and domestic transactions starting in 2025. This move signals a strategic shift toward economic sovereignty and reduced reliance on Western financial systems. Below is a detailed analysis of the decision, its implications, and the broader context: 1. Countries Involved The 11 nations abandoning the dollar include former Soviet republics: - Armenia - Azerbaijan - Belarus - Kazakhstan - Kyrgyzstan - Moldova - Russia - Tajikistan - Turkmenistan - Uzbekistan - Ukraine. Notable Inclusion: Despite ongoing geopolitical tensions, Ukraineis part of this initiative, highlighting a shared economic priority over political disputes . 2. Key Reasons for De-Dollarization - Geopolitical Independence: Reducing vulnerability to U.S. sanctions and financial policies, particularly after Russia faced severe sanctions post-2022 . - Economic Sovereignty: Strengthening local currencies (e.g., ruble, tenge) to control inflation, trade terms, and monetary policy . - Technological Advancements: Leveraging digital currencies and alternative payment platforms (e.g., Russiaâs SPFS, Chinaâs CIPS) to bypass dollar-dependent systems . - Regional Cooperation: Increasing intra-CIS trade in national currencies, which already accounts for 85% of transactions among member states . 3. Implementation Timeline. - Phased Transition: The shift will begin gradually in mid-2025, mirroring Russiaâs existing de-dollarization model . - No Immediate Ban: Citizens and businesses will adapt incrementally, with governments prioritizing local currencies in official trade and banking systems . 4. Impact on Citizens and Global Markets - Domestic Effects: Ordinary citizens may see reduced dollar circulation over time, though no fines are imposed for holding dollars. Banks and businesses will transition to local currencies for cross-border transactions . - Global Implications:  - Weaker Dollar Influence: The dollarâs share in global trade (currently 80%) and reserves (57%) may gradually decline, though its dominance remains intact for now .  - Sanction Evasion: Reduced dollar dependency could undermine U.S. financial leverage, as seen in Russia-China trade (95% in ruble/yuan) .  - Multipolar Currency System: Currencies like the yuan, euro, and digital assets may gain traction, diversifying the global financial landscape . 5. Expert Perspectives - Joyce Chang (JP Morgan): Acknowledges the dollarâs dominance but warns of "early signs of weakening," predicting a decades-long transition . - Gary Hufbauer (Economist): Notes that reduced dollar usage could raise U.S. borrowing costs and complicate sanctions enforcement . - Vladimir Putin: Emphasizes the success of CIS trade in national currencies, calling it a step toward "economic resilience". While the dollar remains the worldâs primary reserve currency, the 2025 de-dollarization initiative marks a symbolic challenge to U.S. economic hegemony. This move reflects broader trends of financial multipolarity, driven by geopolitical tensions and technological innovation. For now, the dollarâs collapse is unlikely, but its unchallenged supremacy may be nearing an inflection point . Recommendation: Investors and businesses should monitor exchange rate volatility and diversify portfolios to navigate this evolving landscape. #fyp
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