This just in: In a bold move, Egypt has officially ditched the US dollar for trade.
They will instead be using local currencies for foreign trade and oil sales.
Check out the breaking news:
BRICS: 🇪🇬 Egypt officially ditches US Dollar for trade https://t.co/lsSiqSfhlS
— BRICS (@BRICSinfo) February 15, 2024
BREAKING: In what is another sign of the unfolding BRICS de-dollarization plan, Egypt has officially ditched the US Dollar in trade. Indeed, the country was one of five nations to accept an invitation to join the alliance at its 2023 summit. Subsequently, it has already firmly… pic.twitter.com/zUwlhmPBCd
— World Times (@WorldTimesWT) February 15, 2024
Egypt was one of 5 countries to recently join BRICS after being invited at last year’s summit.
Ethiopia, Iran, Saudi Arabia and the United Arab Emirates were the other countries to expand the BRICS block.
US News & World Report reported on this in January:
Egypt, Ethiopia, Iran, Saudi Arabia and the United Arab Emirates have confirmed they are joining the BRICS bloc after being invited last year, South Africa’s Foreign Minister Naledi Pandor said on Wednesday.
The five countries were extended invitations along with Argentina at a summit in August in Johannesburg to join the bloc comprising Brazil, Russia, China, India and South Africa. Members say the move would help reshuffle a world order they view as outdated.
Egypt’s transition away from the US dollar reflects the BRICS bloc’s larger goal to shift the world away from depending on America’s economy…
READ FULL ARTICLE HERE… (wltreport.com)
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