As the world watches closely the BRICS efforts to reshape the global economic order, a new trend seems to be undermining their ambitions. Foreign banks, far from aligning with the alliance’s de-dollarization agenda, are instead bolstering their US dollar reserves. This development, in a context where the BRICS’ local currencies are collapsing, raises further questions about the future of economic multipolarity and the resilience of the global financial system.
The article De-dollarization in danger: The BRICS overtaken by the strength of the greenback! appeared first on Cointribune.
