EAEU Don Reach 93% Dedollarization for Trade, Dem Dey Intensify Global Shift from US Dollar to Answer Sanctions
Russia and China don dey gbegbele for their economic partnership as dem don begin use dia own currencies dem—ruble and yuan—handle almost all bilateral trade, shift comot for US dollar. Russia plus the Eurasian Economic Union (EAEU) wey get countries like Belarus, Kazakhstan, Armenia, and Kyrgyzstan don manage to reach 93% de-dollarization for trade business. Most EAEU trade settlements dem dey do for their own currencies, mostly ruble, and dem dey use yuan and other regional money join. This move na how dem take respond to Western sanctions, wan reduce how much US dollar and euro dey na market, make their trade strong and protect demself from currency wahala. Analysts talk say this kind trend dey make the region strong against US financial restrictions and e fit affect global currency market by reducing dollar demand and help local money grow. The koko be say as EAEU and BRICS countries dey increase de-dollarization, e go spread and quicken for the world, fit change how international money dey waka. These tins fit also affect cryptocurrency market because digital money like Bitcoin dey react to global changes for which paper currency get power and how settlement dey happen.
Bullish
Di fast fast wey dem dey reduce use US dollar inside EAEU and how Russia and China comot strong together mean say US dollar no go dey dominate international trade like before again. Dis kain change dey make worldwide people dey interested in other ways wey dem fit take do trade settle, including cryptocurrencies like Bitcoin, especially people wey no wan use regular fiat money systems again. Demand for crypto asset dey usually rise when global currency reserves and how dem take settle trade change or uncertain. Dis trend fit help more people to adopt am and e fit be like protection against risk wey dey come with fiat money, wey usually dey make prices for big cryptocurrencies rise—especially during times wey geopolitical and macroeconomic wahala plenty.