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Global South: Gold-backed currencies to replace the US dollar

Global South: Gold-backed currencies to replace the US dollar
Photo Credit: The Cradle
20.01.2023

First: One of the key take aways from the World Economic Forum annual shindig in Davos, Switzerland is when Saudi Finance Minister Mohammed al-Jadaan, on a panel on “Saudi Arabia’s Transformation,” made it clear that Riyadh “will consider trading in currencies other than the US dollar.”