BRICS storm on the dollar: New payment plan decided in Rio?

BRICS storm on the dollar: New payment plan decided in Rio?

The world of finance is upside down! The BRICS giants are making plans to knock the US dollar off the global currency throne. A bang that could shake the global economy! Russian Foreign Minister Sergey Lavrov has confirmed the BRICS megaplan: a transnational payment system that challenges the dominance of the US currency. The idea comes from sunny Brazil, which will proudly host the 17th BRICS Summit Conference on July 6th and 7th, 2025 in Rio de Janeiro. Brazilian President Luiz Inacio is doing everything he can to reshape the global financial order, as watcher.guru reports.

But while the BRICS are thinking about an alternative payment system, the superpower USA is not remaining idle. Former President Donald Trump is tightening the thumbscrews in the preparations and threatening tariffs and aid cuts if the alliance gets serious. The cards could be reshuffled if the BRICS dare to ditch the US dollar as a global means of trade. But the challenges are enormous, because a financial showdown with the USA could put the alliance under pressure reports watcher.guru.

As the clock ticks, it remains interesting to see how this currency war unfolds. The world is holding its breath to see whether the BRICS really dare to dethrone the dollar or whether Trump's retaliation will thwart their plans. An exciting duel that could permanently change the global financial world!