In March, India inked agreements to trade in Indian rupees with 18 nations. Most recently, India and Malaysia announced they will start trading in Indian rupees.
The country sanctioned by the US has fully abandoned USD in its trade with Russia and China.
The OPEC nation has declared it will abandon Petrodollar and accept PetroYuan.
Brazil and China recently inked an agreement to trade in the Chinese Yuan and ditch the USD.
China is working on plans to pitch Yuan as an alternative to USD in global trade. It’s promoting its currency through BRICS, SCO and OPEC.
The Russia-Ukraine war made Moscow ditch USD like never before. Russia is now increasingly using the Chinese Yuan in international trade. It’s also working on plans to launch a joint BRICS currency.