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global south: The Global South breaks away from the US-led world order

While visiting China in April, Brazilian President Luiz Inácio Lula da Silva asked “who decided that the dollar” should be all-powerful. The Bank of Thailand is talking up fresh plans to diversify its basket of currencies, which it uses to establish the value of the baht, so its less tied to the dollar. Indonesia is shoring up local currency markets,as regional neighbors set up digital payment systems, reducing the need for the dollar in day-to-day purchases. Africa is discussing a common currency. ....

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