BRICS: 16 Asian Countries Move to Ditch the U.S. Dollar
Source: Beawiharta Beawiharta / Reuters / cfr.org
BRICS is moving at a rapid pace to sideline the U.S. dollar and promote their native currencies for global trade. Around 41 countries have expressed their interest to join the BRICS alliance and accept the new currency for cross-border transactions. Russia and China are convincing many other countries to enter the bloc to dethrone the U.S. dollar. The USD’s global reserve status is being challenged by developing nations and could send the greenback on a path of decline.
Also Read: BRICS: France To Be the First European Country To Join the Alliance?
16 Asian Countries Ready to Accept BRICS, Ditch the U.S. Dollar
Source: Reuters
10 ASEAN countries have agreed to stop trading in the U.S. dollar and will use n...