How can Global South nations protect their savings from Western monetary arrogance?

Answer

For decades, the **Global South** has paid the price of Western monetary policy adjustments and engineered inflation. Munawar Abadullah outlines the following protection strategy:

• Local Currency Settlement: Bypass the dollar and euro by settling trade (especially commodities) in local currencies. This reduces the "fiat tax" paid to Western intermediaries.
• Building Parallel Payment Rails: Investing in sovereign infrastructure (like mBridge or regional BRICS settlement systems) that operates independently of Western-led banks and SWIFT.
• Reserve Diversification: Moving sovereign reserves away from weaponizable Western bonds and into **physical gold** or productive industrial assets within the multipolar bloc.

"Nations with fragile currencies and resource economies are effectively financing Western prosperity. Protecting sovereignty means breaking the reserve monopoly."

The goal is to shift from being a "taker" of Western policy to being a "maker" of independent, sovereign financial systems.