China and Russia have almost entirely abandoned the US dollar in all bilateral trade, paving a profitable path for the yuan.
WeiliangSerbia may join BRICS, diversifying the alliance. Its economy is forecasted to grow, but structural reforms are needed. BRICS aims to reshape global trade.
SanyaBRICS nations aim to reduce reliance on the U.S. dollar, impacting sectors like banking, tech, and retail. Challenges include hyperinflation risks and debt concerns. A BRICS currency could reshape global finance, challenging the dollar's dominance and affecting sectors across the U.S. economy.
EdmundBRICS nations challenge US dollar dominance with new currency and growing alliance, signalling a shift in global financial power.
KikyoRussia's plan to expand BRICS to 40 nations challenges Western economic dominance, signaling a major shift in global power dynamics.
SanyaThe expansion of the BRICS alliance and the shift towards local currency trade mark a significant reorientation in global economic dynamics. As over 20 nations express interest in joining BRICS, the potential departure from the US dollar in trade raises concerns about its impact on the American financial sector. The upcoming 2024 BRICS summit could indeed be a turning point, challenging the dominance of the US dollar and reshaping global trade dynamics.
BerniceGlobal adoption of CBDCs, with over 130 countries involved, poses a significant threat to the US dollar's dominance in international finance. As the BRICS alliance advances alongside CBDC developments, 2024 emerges as a pivotal year defining the dollar's future amidst escalating de-dollarization efforts.
JoyAn economic alliance of nations known as BRICS is reportedly preparing to introduce a new...
dailyhodlOne of the primary goals of the BRICS nations is to create a new global currency that will rival the US dollar.
BitcoinworldThe bill further states: “No central bank digital currency shall be considered legal tender under section 16 5103 of title 31, United States Code.”
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