Emerging Nations Poised to Challenge Key Pillar of Dollar Dominance




The BRICS bloc, comprising Brazil, Russia, India, China, and South Africa, along with new members Iran, Egypt, Ethiopia, and the United Arab Emirates, has long harbored aspirations of reducing their reliance on the US dollar in global transactions. This sentiment has gained momentum in recent times, with discussions revolving around alternatives to the dollar-dominated financial system



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Author: Anton Hofreiter

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