ah, ah, china has performed a master stroke of diplomacy. it is brokered in agreement that we'll see a ran and saudi arabia again reestablish diplomatic relations. this could be a step not only to reorder the middle east, but also usher in an era of stability in the region. today. washington is the odd man out. every year on august, the 16th hundreds of people gather in the center of gregor to commemorate the land fans who fought with nazi germany. in dauphin ss detachments during world war 2. this day is known as legion. in a day, i see tooth, a belief among the many commando and sinners with so i'd have to be policy just got started with advocates. if the veterans claim the lengthy and soldiers had nothing to do with the trustees committed against jews. despite

historical evidence that proves that contrary with you, of course, you touch with boulder. so mike associates, chippy, russia conversion with we still have a few countries that to one could be the global hedge a month. and that is what fbi i resisting. so african countries have always had a balance when it comes to colleges because we rely on the us dollar. we don't want one or 2 countries determining all future for now. you still waiting for that payment to come. jeffrey sets 2 weeks ago, speaking on the public platform,

said that ukraine is fighting a proxy law between russia and usa. each of d dollarization has begun. it's time for a global we state. africa has grown weary of wisdom dominant from foreign currencies. the search for alternatives to the dollar, and frank is gaining momentum. accelerated by the concrete in ukraine, which brought home some hard troops. welcome to the fleets africa now. so we're coming to you from the south africans financial district and the most expensive way. now in africa, behind me is the $100.00 foot stock exchange, which is looking for programming. slowing africa, search alternatives to western currency. the french frank and the us dollar had long played an out sized role in global markets. the cracks are starting to appear . african countries and central banks are not holding these currencies in they were

due to the extent that they, once deb brooks countries, in particular, brazil, russia, india, china, and south africa are working on moving away from dollar based economies as they take great ownership of the interest and other nations are warming up to the idea as books. and that's so cool. explain. mr. investor. thank you so much for having this interview with us on africa. now one of the topics we've been looking at is an alternative currency to the american dollar. would you describe the bricks, development bank as that being part of its vision? we'll look, firstly, thank you for having me. i think the issue of alternative currency has come to the fall in recent times as a result of the russia ukraine situation. and the unique natural sanctions and all of us have been impacted by that,

especially in the financial sector. because of the domination of us dollar, in terms of global trade and over financial transactions. we have been talking about this for sometime within brakes that we should be able to trade an interact with an own currencies. we should be able to borrow from our end d, b with a no on currencies. and this is happening. you would have seen that in the annual report of the president of the bank last year, outlining the vision of the bank 20222026. that at least 30 percent of lending will now be in local currency. and i think that's a major step forward in terms of bank diversifying it's lending portfolio. so the building blocks of us relying more on our own currencies and willing ourselves away from just one or 2 currencies. i think that has always been

the creation of bricks and i think the circumstances prevailing as a result of the electoral sanctions and the pain, all of us are feeling not just bricks countries, but especially developing countries. it makes perfect sense, and that's why you see this is not a conversation just amongst bricks, countries at a conversation amongst the larger global soft. we still have a few countries that to one to be the global hedge a month. and that is what we are resisting. we don't want one or 2 countries determining old future. we want to be able to sit collectively with all the powerful they're not so powerful. and also those that don't have the necessary and elements to sit at the high table. the un, when we make lofty speeches as global leaders, that we must be inclusive, we want to build an inclusive global community. but when it comes to the crunch in

practice, we see something totally totally different. and it is the countries of the global soft countries of africa. the o. this is the small island states that are the most as a result of these selfish actions by a few on the many he mention to use your words, the pain of developing countries. these are the sanctions. can you elaborate a little bit on the well look, what the sanctions did to us. it created a crisis on the global markets. we had the rise in inflation. levels of inflation unseen for indicates were seen depreciation of currencies. we have seen the fluctuation of currencies, and we have seen how this is also causing pain to the ordinary person in terms of food security. in terms of energy security, in terms of global supply chains been disrupted in terms of,

of the investments into other countries. these are being impacted the result of unilateral sanctions. so the union lateral sanctions is not hurting one country that is directed to what it will live in an interconnected global iceland. the action of, of one is impacting on nearly all of us in a very negative way. i had this idea that the bricks development bank was going to come up with one currency, almost like a book's currency. but when i listen to you, what i understand is, it's not necessarily going to be one currency. it's going to allow countries to trade in a convent currency. so we will have a whole host of come and we'll have a basket of currencies. but we want the bus going to be best to include the currencies of the developing world, including the bricks, countries and not dominated by 2 or 3 as this, as it is thus far. and going into the future,

the world has changed. bricks is not in competition with any grouping or any part of the world. what bricks is asking for is let's every, the playing field. the playing field of 1945 when the united nation system was formed is vastly different. most of the countries of the developing world in 1945, we're still under colonial road and we use, we are saying we need to reform in color marty lateral system. and therefore, we are saying this is the major thrust of bricks, and that's why we finally got him into the global south. because the global south country, you feels feeling marginalized and the decisions are taken for them rather than them being part of the decision making. and that's what we are saying, we want a multi polar world. and multi civilizational world, a world where all of us are respected and

o inputs and views are valued and that we are part of decision making. all we witnessing the decline of the dollar. well, you should be able to answer that question. it's all over the, the government, the more and more countries, the fact that countries and these major emerging market developing countries like india, china, i've seen some of the middle east in countries are now also moving in that direction, trading in the own currencies. what does it say that more and more countries are saying that they want choices and they want to be able to trade in their currencies? so i think you're going to see more of this rather than less, which is say the, the roof you're talking about is a safer and more diverse option for countries to invest in rather than in the us dollar. and i'm talking specifically african countries. well look, i think we want to diversified buses because you can't put all of your eggs in one

basket because when you have a crisis and those excess cooking, you are the loser. but if you are diversified, you still have a safety net. and i think this is the direction the world is moving and not just in restructuring the global financial architecture, including in the way we conduct business between ourselves as, as government and as private sector. but also in terms of a more equitable distribution of what is happening on the global stage on the political security, financial, economic trading architect altogether, what countries would still prefer to maintain the status of the us dollar? well, i would think that the allies of the us would one that but what we are seeing in the global south, and maybe i could use the example of bricks expansion. interestingly,

we were the 1st country it benefit from bricks expansion because we were not there the launch of bricks we joined for the 1st time of the 2011 summit in sunny and china. and over the years they've been one or 2 countries each year saying they're keen in joining last year. last year you had over a dozen countries from the global self. and i mean, major emerging market developing countries, formerly writing or informally approaching bricks. leaders saying they want to become members of bricks. now why the sudden rush like the sudden rush? because obviously we're doing something right in bricks, in terms of what we are focusing on in terms of what we are championing in terms of creating a more credible, inclusive, transparent, and global governance architecture. so i think that that clearly illustrates that

the bricks leaders moving in the right direction in terms of new global order and global community. like to see, i think, you know, as much as it is spent 4 times. it's also a time for us as the international community to be creative and work towards peace because that should be the underlying aim for all of us. we want a peaceful, global order, but unfortunately, what we are seeing is a 4. and this is what is causing destination and conflict in the world is a few nations wanting to be the head a month off, international community, and that's not going to happen. the world is lastly changed as i said, you have major developing countries, india and china bricks a console, 40 percent of the global population. we are 40 percent of the global population. we

are 25 percent of global g, d p. and again, just referring to jeffrey sex, jeffrey sex pointed out that the bricks economies is bigger than the g 7 economist today. and bricks continues to grow. you saw the i m f world bank predictions in terms of global growth this year. europe is in serious crisis, some may even go into recession. china is expected to grow, at least between 5 and 6 percent. india is expected to go 6 percent plus and despite the challenges in russia, russia is also expected to have positive growth. so he's a brazil, i think you are seeing a research in brazil under president lula as one of the main architects of bricks. so i think that's also good news for bricks. and of course, south africa. it's not just about africa for us. bricks is also about africa. so yes it's, it's, and i think it's an opportunity to be sharing bricks. it's difficult, dear. what is the, you know, for paternity i see it as the for the 2 for books and on that positive. no,

thank you so much for joining us and for giving us your time. my pleasure. thank you so much. as the minimum enthusiasm for books grows, it's not limited to the financial but it's also impacting other industries. the world's only phone festival. that place is a special focus on bricks. countries is making a comeback this year. it's yeah. at the university of 200 big in south africa. it's the cause is on shaping the future and forming robust partnership and strong type amongst bricks, countries, the festival showcase as long and short films, exposing produces to international audiences, setting the tone for future collaborations that briggs love of countries don't have much p r to do ok, france needs be, are, you know, i'm, it's got, it needs come into play about american, these dog guys, you know, because they've got on brutalizing people. so it's easy for them to fun. things

that make them look good. but you come to set up as a 5 need to create a con, paid off god. it's like what for we got to feed people who got to build roads. so just being around design, it's quite an achievement because it's not a proud, it will not be the trying to do that said, i think good countries should also have good p r. so that they remind each other that you know they've got things beyond just politics and start. but at this stage it's hard to fail. how do you get to sell your film in america? if you become a foreign language when off gum, maybe you get a few more screens, but that the law is come to us to get your phone going. but the truth is, you're not going to get much if you go there. so if we start to collaborate more, have more streams of our own, that would we, we put our own fill them in my in charge a ride for people to watch them. maybe a really big business as an economy block and

a jewel political block. the idea of meeting financial needs and local currency. it's the rating across the continent. we know we can get from johannesburg. it's clear that western currencies are starting to be value, and the story was within most african countries. and this is led to the desire among many africans to thought seeing value and support their own currency that we ought to date in the streets of johanna africa, the most treated in this country, from many parts of the african continent. and with these courtesies and lots of foreign a, my deadline is with the gun pullman. now even those that african currency is that the rand we, as africans, we understand the value and the way to that each. the current through africa carrier was involved with tech, currency emissions,

or louis king fears, involvement, many africans, and are starting to see the importance and the value of the own current. but not everyone with having many currencies in one country would actually mess up our economy. okay, so we need one currency, whether it being crypto currency, but we need one currency for the whole of africa, not just south africa. it's the only question that remains is of what can be done to make sure that we maintain and uphold our own currency, to the same level as wisdom coming from far. t abnormal real quick get into hand is among the most prominent african countries moving away from traditional colonial place. currency is south to dan. interestingly, the international monetary fund has expressed support for the tuba government

efforts to curb the u. s. on his dominance in local transactions. and contracts as part of moving aimed at maintaining the high cost of living as a sauces, any citizen, i am requesting that in all our businesses and exchange practices. we must use our local pound because we have a currency that represents us. everywhere you go, people are using the dollar in hospitals in markets every week. there needs to be a solution, but i don't know what the solution is heat, but surely we should be able to use our own currency that makes sense for the lives of, of south to the nice people. for the local currency to use a lot. we don't want that anymore. use a local weather, enable us to do more market. active things with that need to change from i got to anything. so using a local county would be very important. the key to moving away from the dollar

lies. yeah. the good news is that african countries and already taking significant easy financial payments and pay him for mobile paces where healy for money is a mobile phone base transfer payments and my correspondence in service. our taxi driver took us for a drink and explained how it works. in a day that's more important than exactly. are you a taxi driver? yeah. how has been his help you in your job? it has been convenient because i'm able to give change to my client and there is no one to walk out of the car to go and look for change to for my class and you get the change to. yeah. because if you pin me through and you can pay to me, continue to hon, cause i give you a change on and so it has mid transaction cities and also to the 5th time and faith

and fear for much for taking something to drink yoke and then i appreciate your pain, you're most welcome. so this to number is the one who comes in. they said those will be through this team member. this is not the case, the number for this restaurant for this list. ok, so you can't your phone. we're going to go to my in pisser and my phone, which is an app which is not. and then from barely pin and pester really quick, can be directed to go directly to your, to their account. they want me to pay that way. i count by mouth, innocuous, know you're going to to this the ocean, bye bye. good and services because you're buying these for these. good. so i'll touch on bag with and services amino antilles to number to give me the option to enter the amount. okay. $9900.00 and then i would say ok,

and then it will give an option for my, my own pin that affect the pin that i still not even with you. we might be from that masking, you shall not look with. so it's to even leave the store, my phone, but you have to have a cell phone. you have to have a cell phone now. and does everybody, can you have a cell phone? yeah, i have one more thing on the cell phone in the household. it would have a cell phone even a month to cook communities. you might not have money in your account, but you have a cell phone with an unpaid set. yeah. can you show me, can you come forward with the confirmation now? we've paid paid. thank you. so much for your service. sometimes this is really nice . yeah, almost ok. thank you for a long time. african countries have struggled with infrastructure problems which have made financial services list accessible in the move away from western

currencies. a growing number of countries are now looking at corporate currency as a viable alternative. if you can just start by explaining to us what exactly crypto currency is, because a lot of people talk about the block chain, but coin and what exactly are we talking about? so the currencies are independent currencies, you're going to pick them up in the other currency for the 2nd because the example you can think of the us dollar the same way you can think about the brand or the russian romo. the difference in cooper currents is attached to any country. now, why do you think african countries are taking this particular route? would you say african countries are trying to, we themselves off with the current paths. so african countries have always had a advantage when it comes to colleges because we rely on the us dollar and several

other foreign currencies in which these characters are printed by the western countries. and also the payment infrastructure is controlled by that. so the payment was made to make it impossible for a lot of africa to transact. and a global level, i was going to give you a simple example. each and every african country has a difficulty simply interacting with the neighborhood. like africa is the most disconnected continent in the war, like it's so expensive to send money from one country to the never country. or would you say that african countries are trying to wean themselves? are for wasting currencies. yeah, if possible, you are in a growth of stem of coins in several places, luxurious zimbabwe, where there is a lot of forest problems. it's so difficult to get hold of us dollars. and what a lot of people started doing is simply get auto some u. s. t t, in your own view,

would you say you are in full support of african countries making a particular move? it was so difficult for africa to work on my it is too difficult for those right now to not use cooper currency. right. which means a lot, a lot more people are more confined into their local jurisdiction. so if you are, if you live in a country that's, that has 48.7 unemployment rate, it means that you can not escape it if you don't have the means to connect to the global economy. whereas if you have a group to come to wallet, well, you can get online. there is no unemployment online. you can get a job as a math teacher and teaching some kids in mongolia or in russia or in australia somewhere, and get paid to currency. but also admins, us, more africans now can conduct an e commerce which also has been very difficult because with a payment get way which i referred to as the economic path. i'm, but a lot of africans don't have the means to do trade. now you can open an each,

go online settings, a product, offering a service, and you can start getting paid with crypto currencies and this takes literally less than 5 minutes to set up. you don't not, you don't need to sign in a forms or make any of applications. is as easy as downloading your, what's happened, a phone number and you're ready to go. now some people believe that's african under developed infrastructure. perhaps that makes it a stung victor for crypto carries, but some in fact, a lot of people believe that that's the actual reason why it wouldn't work. what's your take on all of this? the lack of infrastructure for the current legacy system is the current is for more africans to adopt into currency. and this is because of how the text belt. so for legacy infrastructure you mostly, you have to miss a lot locally in infrastructure because it's either servers or a lot of the you need an order of investment to come in your country and set up to

basically make in all of these things work. that's why i wrote the services even payments are very expensive. these are blocks and best acknowledges. it's already designed through the incentive models do allow people to just use and, and pay a small fee. and the provider of the service is better to widen by anyone in the war. because for the 2nd big going to look at the con, mind can be done anywhere in the world, but in one. so it, while the victim a whole is a provider of the infrastructure. in other words, if you are confined to say, one entity, a company to provide the infrastructure for, let's say, payment gateway or verification system, you're not forcing yourself to allocate a whole lot of capital by one provider to get something done. and this makes the prices of infrastructure all the services to go to go up. but of course, the infrastructure held for more duction we need developers or an english system that can be beauty,

technologies and for that to grow really fast and include infrastructure. so it's really an excuse to not view infrastructure, but it is a live frog to basically cut corners and get to set up less as much faster than we would if we had to use the tradition liens of rolling infrastructure. well that brings us to the end of this week, so we hope you enjoyed it. you can always catch us on our social media handles. if you missed last week show, we explored a custodian heritage, much of which can be found today in museum in the western world until they and from the heart of one of the financial district. what's the space another day? another don, that is changing ah,

at this hour, american and coalition forces are in the early stages of military operations to disarm iraq, to free its people. and to defend the world from gray. with we will bring to the iraqi people, food and medicine, supplies. and freedom with in the heart i'm exemptions and i'm here to play with you whatever you do. you do

not watch my new show. certainly why watch something that so 5th my list of opinions that you won't get anywhere else. look of it please, or do you have the state department, the cia weapons breakers, multi 1000000000 dollar corporations, choose your fax for you. go ahead. i change and whatever you do, don't watch my show, stay mainstream, because i'm probably going to make you uncomfortable. my show is called direct impact, but again, you probably don't wanna watch it because it might just change and the way things oh, european nations ultimately experienced that transformation where the exception that is was kind of defeated by the hard realities, right? or at least confronted with them in a very significant way. and you know, the space of moral moral as the only exception to the general tendency. that, of course, has to do with the fact that the geographical situation of the united states is

fundamental of an island. that is the size of the continent. mm. a terrorist attack is no longer receive. moreover, it was a terrorist act committed for headache level because no amateur nit tech like this, but all stream pipeline bombing with a safe phone terrorist attack. well, the western version of events is complete nonsense. that's recording with moscow. say the us military drone has crashed into the black sea of the crimean coast without any russian involvement. i've been violating a no fly zone. and washington would want to destroy taiwan semiconductor industry. then let it fall into china's.