BRICS adopting a new digital currency for their members against us dollar
The idea of BRICS (Brazil, Russia, India, China, South Africa—plus recent new entrants like Saudi Arabia, Iran, Egypt, Ethiopia, and the UAE) adopting a new digital currency to rival the U.S. dollar is extremely significant, both geopolitically and economically. Here’s a breakdown of what it could mean: 1. Challenge to U.S. Dollar Dominance The U.S. dollar has been the...
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