The BRICS alliance kick-started the de-dollarization initiative this year and is finding multiple alternatives to end the U.S. dollar supremacy. From BRICS expansion, to plans of creating a new currency, and dumping U.S. dollars in the foreign exchange market, the bloc is trying it all.
BRICS confirmed after the 15th summit in August that dethroning the U.S. dollar as the world’s reserve currency is their long-term goal. Therefore, even if they don’t succeed now, the alliance will relentlessly continue its quest of bringing the U.S. dollar down.
In this article, we will highlight three ways in which BRICS could end the U.S. dollar supremacy. Read here to know how many sectors in the U.S. will be affected if BRICS stops using the dollar for trade.
BRICS: 3 Ways How They Could Bring the U.S. Dollar Down
Source: Reuters /…
