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now lets discuss the concept of D dollarization thats really buzzing these days and several countries including China Russia and brics Nations such as Brazil Russia India China South Africa are all ramping up their efforts to use local currencies for international trade and reducing the dependence on the U.S dollar now several countries are also reportedly working to create a new reverse a new Reserve currency to replace the US dollar remember the U.S dollar is the dominant currency in the world economy right now when it comes to Foreign Exchange reserves and international trade as well and now several countries want to get their own local currencies in the final agreement on this is expected to come up by August when the member countries the brics countries will meet for an annual Summit in South Africa so lets now discuss whether dedolarization is uh inevitable or whether we could see it uh in the next few years to come to this discuss this further we have a currency expert joinin
