More Nations Abandon US Dollar, Egypt PM Confirms Trend
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最新报道：Egyptian Prime Minister Mostafa Madbouly announced the country is shifting away from the US dollar in international trade, joining a growing list of nations adopting alternative currencies. Speaking at the St. Petersburg International Economic Forum, Madbouly confirmed Egypt is implementing currency swap agreements and exploring settlements in local currencies with trading partners. This move aligns with BRICS' de-dollarization efforts, as the bloc promotes using national currencies for cross-border transactions. Egypt's decision follows similar actions by Russia, China, and other BRICS members seeking to reduce reliance on the US dollar amid geopolitical tensions and economic sanctions. The trend reflects broader challenges to dollar dominance in global trade.
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