Different option: The BRICS’ objective is to diversify the world’s monetary system rather than simple de-dollarisation. — Agencies
THE pressure toward the diversification of world currency reserves is longstanding. It intensified after 2008, but has escalated since 2022. It is a prime topic in the next BRICS Summit that’s likely to further intensify the trend.
(BRICS refers to a group of fast-tracking economies: Brazil, Russia, India, China, and South Africa.)
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