Primus Partners releases the first edition of the newsletter, Far and Wide wherein we bring you the most interesting updates and insights from around the world. The developments have been curated from multiple continents like Asia, Africa, South America, Europe, and Australia.
The lead story is Brazil’s Luiz Inacio Lula da Silva call for BRICS nations to come up with an alternative to replace the dollar in foreign trade, supporting China’s ambition against US global dominance. The talk of de-dollarization is not new and clearly, countries like Russia, China, India, and now Brazil, are taking steps to reduce their dependence on the US dollar and establish an alternative system for trade settlement. Many emerging economies see the ability of the US government to weaponize the dollar against its political adversaries is driving countries to move away from the current global financial system. Read More!