Venezuelan Foreign Minister Yvan Gil highlighted a significant change in international trade dynamics, stating that at least 25% of trade could be conducted away from the U.S. Dollar. This change is influenced by the BRICS bloc which aims for financial independence from Western sanctions.

The BRICS organization is exploring a payment system based on national currencies under Brazil’s leadership, which may include cryptocurrency. Despite not being part of BRICS+, Venezuela stands to benefit from these emerging trade practices.