Brics Member Admits Us Dollar Will Remain Dominant

Last updated: June 10, 2025, 22:56

Brics Member Admits Us Dollar Will Remain Dominant

Even if BRICS adopts a

Even if BRICS adopts a shared currency, it will face significant competition from the dollar, which remains the benchmark for global commodities. South African BRICS

The long-term monetary goals of the BRICS bloc comprising Brazil, Russia, India, China, and South Africa, with new members such as Egypt, Iran, Ethiopia, and the UAE

Although the U.S. dollar’s dominance has eroded and there has been a global decline in the preference for the greenback in recent times, it remains – and will most likely

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BRICS members view the US

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BRICS members view the US dollar as an obstacle to their economic growth. Reliance on the dollar exposes them to fluctuations in US monetary policy and

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