Is the US Dollar Being Replaced by BRICS?!

August 29, 2023 E Jazz Reporter

Speculation has grown regarding the possibility of the BRICS countries (Brazil, Russia, India, China, and South Africa) planning to create a centralized currency to replace the US dollar as the world’s reserve currency. While this theory gains traction among critics of the US dollar’s hegemony in the global financial system, experts remain skeptical about the feasibility of such an endeavor.

This article examines the arguments for and against the idea of a BRICS centralized currency and assesses its viability as a contender for the world’s reserve curency.

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