Kenya Considers Ditching US Dollar for Trade Deals, Following BRICS Example
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BRICS is inspiring African countries like Kenya to stop using the US dollar for trade deals with non-US countries.
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Kenyan President Ruto urged trading in local currencies instead of the US dollar for deals between African nations.
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Ruto wants to ditch the US dollar when BRICS launches its new currency.
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Once Kenya joins de-dollarization, other African nations may follow suit.
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More countries abandoning the US dollar could lead to its decline and negatively impact the American economy.