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☆ Yσɠƚԋσʂ ☆@lemmy.ml to World News@lemmygrad.mlEnglish · 1 year ago

Egypt Officially Ditches US Dollar For Trade

watcher.guru

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Egypt Officially Ditches US Dollar For Trade

watcher.guru

☆ Yσɠƚԋσʂ ☆@lemmy.ml to World News@lemmygrad.mlEnglish · 1 year ago
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BRICS: Egypt Officially Ditches US Dollar For Trade
watcher.guru
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A newly welcomed BRICS nation, Egypt has officially ditched the US dollar for trade, opting to instead use local currencies.
  • الأرض ستبقى عربية@lemmygrad.ml
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    1 year ago

    One, and they are using GDP (nominal) https://www.visualcapitalist.com/charted-comparing-the-gdp-of-brics-and-the-g7-countries/

    Many of BRICS’ current members already have real GDP growth rates that are higher than their G7 counterparts, with current members having an average GDP growth of 189% to 2050 compared to the G7’s average of 50%, according to Goldman Sachs.

    BRICS’ newly added members like Ethiopia (1,170% GDP growth projected by 2050) and Egypt (635% GDP growth projected by 2050) have even higher rates of potential economic growth, further raising the bloc’s economic potential.

    • Aniki 🌱🌿@lemm.ee
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      1 year ago

      projected growth

      So not real growth. Got it.

      🥱

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