BRICS

BUSINESS

2 minute read

BRICS De-Dollarization Agenda Fails: US Dollar Supremacy Intact



Vinod Dsouza

June 25, 2024

Source: Cryptopolitian.com

The BRICS alliance kick-started the de-dollarization agenda to bring the US dollar down from the world’s reserve currency status. The bloc initiated multiple policies to hamper the USD’s growth and make local currencies the center of all transactions. The de-dollarization program was started in 2022 after the US placed sanctions on Russia for invading Ukraine.

Read here to know how many sectors in the US will be affected if BRICS ditches the dollar for trade. BRICS is hell-bent on teaching the White House a lesson through de-dollarization and aims to topple the US dollar and make local currencies reign supreme.

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