Geopolitical Economy Report β’ 578 implied HN points β’ 21 Jan 23
- BRICS is working to challenge the dominance of the US dollar by creating a fairer system of monetary exchange.
- Saudi Arabia is considering selling its oil in currencies other than the US dollar, indicating a shift away from the petrodollar system.
- Prominent economist Zoltan Pozsar highlights the emergence of a new multipolar economic order that challenges the exorbitant privilege of the US dollar as the international reserve currency.