Episode 15-Shifting Tides: Exploring de-dollarization and the rise of BRICS

Majlis and Markets

The shift from the US dollar to non-dollar currencies in trade, known as de-dollarization, impacts capital markets, global trade, and geopolitics.

Moreover, the influence of BRICS, a coalition of major emerging economies, is reshaping the global economic landscape.
With more nations exploring alternative currencies and key Islamic countries like Saudi Arabia, the UAE, Iran, and Egypt joining BRICS in 2023, the Islamic world's global role gains significance.
In our 15th episode, we spoke to Rachel Ziemba. Rachel is an expert in geo-economics and country risk, specializing in global economic statecraft policies, particularly within the energy sector.
She is Senior Advisor, Sanctions at Horizon Engage, Adjunct Senior Fellow at the Center for New American Security (CNAS) and Founder of Ziemba Insights, a strategic advisory firm.
She is also an Adjunct Lecturer at New York University’s Center for Global Affairs, set to teach economic statecraft in the Fall of 2024.
In this episode, we talked about several topics including:

• The drivers behind de-dollarization,
• Alternative assets like gold and cryptocurrency
• The rise of BRICS and the potential for a common currency.

Intro theme song-'Tales of the Arabian Nights' composed by StudioKolomna via Pixabay