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Two countries ‘rebel’ against the dollar, mirroring Turkey’s actions

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Ziad Najjar
Ziad Najjar is an Egyptian author who studied business and finance in the United States and has a keen interest in media. He combines his expertise in these fields to create informative and engaging works accessible to a broad audience.

The Turkish newspaper Haber7 stated in an article that “Following Turkey’s successful move away from dollar settlements in international markets, France and Brazil are starting to follow suit.”

Six years ago, Turkish President Recep Tayyip Erdogan called for the transfer of trade into national currencies, which served as a model for the whole world, the authors of the article say.

And now the leaders of such economically large countries as Brazil and France are talking about the need to move away from the American currency, which indicates a global rejection of green money.

The authors of the article note: “After Brazilian President Lula da Silva, French leader Emmanuel Macron also announced the need to move away from the dollar and not depend on it.”

In the first three and a half months of this year, Turkey was able to increase foreign trade in lira by 89.1% compared to the same period in 2022, amounting to 54.7 billion lira, while imports in the country’s national currency increased by 170.8%, amounting to 138.5 billion lira.

Source: Prime

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