BRICS’ reserve currency: An attempt to reduce the dollar's dominance?
Date of Publication
1-1-2023 12:00 AM
Security Theme
Economic Stability
Keywords
BRICS, China, Russia, Brazil, reserve, currency, de-dollarization, sanctions, Lula, Putin, economic stability
Description
Whilst Russia and China are leading de-dollarisation initiatives due to their geopolitical rivalry with the US, India, Brazil, and South Africa have supported BRICS’ statements on altering the global financial system for their own interests.
Jan 1st, 12:00 AM
BRICS’ reserve currency: An attempt to reduce the dollar's dominance?
Whilst Russia and China are leading de-dollarisation initiatives due to their geopolitical rivalry with the US, India, Brazil, and South Africa have supported BRICS’ statements on altering the global financial system for their own interests.
