Why a BRICS Currency Alliance Could Impact Dollar Dominance

Posted on 06/30/2022

BRICS is the acronym coined to associate five major emerging economies: the Federative Republic of Brazil, the Russian Federation, the Republic of India, the People’s Republic of China, and the Republic of South Africa. The U.S. dollar’s dominance has been an economic blessing for the U.S., enabling America to operate with a large fiscal deficit.…

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