the decline in the dominance of the US dollar , which is considered one of the signs of the transformation witnessed by the global economy. The website
said This decline reflects profound changes led by emerging economies, especially members of the BRICS bloc, which seek to redefine the rules of the global financial game. As central banks in developing countries shift away from the dollar towards gold and their local currencies, a new monetary system could emerge .
BRICS Abandoning the Dollar: A Strategy That Threatens the Global Economy
The BRICS group has established itself as a major player in redefining global economic balances. Faced with a historical dependence on the US dollar, these countries are adopting a strategy to diversify their reserves.
In
these countries, central banks, aware of the risks inherent in the dominance of the dollar, are increasingly turning to gold and their national currencies. This trend has accelerated, especially under the leadership of China , which has doubled its share of global reserves to 3%, a move that reflects a clear desire to reduce the influence of the dollar on international transactions and strengthen its economic sovereignty. The site
pointed By multiplying initiatives to promote their local currencies, the BRICS group is sending a strong message that they no longer want to rely on a currency whose stability has become questionable .
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