The BRICS Currency, A Threat To The Dollar
The BRICS are a group of leading emerging economies. Originally the BRICS included five countries, Brazil, Russia, India, China and South Africa. In 2024, the member countries have expanded to 10 countries. The five new countries that have joined are Egypt, Ethiopia, Iran, Saudi Arabia and the United Arab Emirates.
The potential impact of a new BRICS currency on the US dollar remains uncertain, with experts debating its potential to challenge the dollar's dominance. However, if a new BRICS currency was to stabilize against the dollar, it could weaken the power of US sanctions, leading to a further decline in the dollar's value.Jul 8, 2024
How Would a New BRICS Currency Affect theUS Dollar? (Updated 2024)
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