BRICS Just Voted To De-Dollarize, The Dollar Went Up

BRICS is not creating a common currency; the New Delhi Declaration focuses on payment infrastructure to facilitate local currency use, not reserve status. The U.S. dollar remains dominant in global reserves and transactions, with only gradual, fractional declines in share over decades.

Source: Seeking Alpha

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Category General

Source Seeking Alpha

Published 1 week ago

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News ID #17,631

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