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17-05-2023, 08:35 AM
BRICS: 10 Asian Countries Agree to Ditch The U.S. Dollar. Singapore no choice.
BRICS countries are looking to sideline the U.S. dollar by launching a new currency to settle international trade. The development challenges the dollar’s supremacy and could dethrone it from the global reserve status.
The move is inspiring other developing Eastern countries to ditch the dollar and promote their native currencies for global trade. If the momentum continues, many more Eastern nations could join hands and end reliance on the U.S. dollar completely.
BRICS countries are looking to sideline the U.S. dollar by launching a new currency to settle international trade. The development challenges the dollar’s supremacy and could dethrone it from the global reserve status.
The move is inspiring other developing Eastern countries to ditch the dollar and promote their native currencies for global trade. If the momentum continues, many more Eastern nations could join hands and end reliance on the U.S. dollar completely.
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