South African politician calls for de-dollarized...
International News
May 22, 2023
A South African politician has blasted the U.S. habitual indulgence of dollar hegemony to suppress other countries and called for fairer de-dollarized trading ways in global trade affairs. Solomon Lechesa Tsenoli, deputy speaker of the National Assembly of South Africa, said the U.S. Federal Reserve has kept raising its interest rates which led to massive capital outflow from emerging economies to the U.S., hampering the emerging economies around the around.