By Syed Zafar Mehdi
The dollar system is under unprecedented strain, largely due to the behavior and actions of the United States itself, says a world-renowned economist.
In an interview with the Press TV website, Paulo Nogueira Batista Jr., a Brazilian economist and former Executive Director at the International Monetary Fund (IMF), noted that the dollar has been weaponized by the United States.
"It (US dollar) is no longer seen by many as a safe haven. Moreover, the fragilities of the US economy also undermine trust in the dollar," said Batista Jr., who was one of the founding members of the New Development Bank (NDB) in Shanghai.
"In my view, the most probable scenario is the continuation of a gradual decline in the dollar. This decline may be accelerated if a new major financial crisis occurs in the US."
The process of de-dollarization has gained significant momentum in recent years with the emergence of new regional alliances such as BRICS, led by China and Russia.. more below
Ghana is interested in purchasing a floating nuclear power plant from Russia, Ghanaian Ambassador to Russian Koma Steem Jehu-Appiah told Sputnik.
"I know that our minister of energy was here last year and signed a corresponding agreement. I think this is innovative, and in a conversation with the minister of energy, he said that the country is interested.
So, Ghana could purchase such a nuclear power plant," the diplomat said when asked about the possibility of Ghana purchasing a floating nuclear power plant.
Russia and Ghana began cooperation in the field of nuclear energy after signing an intergovernmental agreement in 2015.
The agreement outlined plans for joint work in the areas of training specialists, building nuclear power plants and related infrastructure, and providing maintenance services. In October 2023, representatives of Rosatom met with the Ghanaian Ministry of Energy in Cape Town. At the meeting, Russia proposed using floating nuclear power plants to supply power to ...
