BRICS vs. Dollar: Can the US threaten its own currency?

BRICS vs. Dollar: Can the US threaten its own currency?

A global financial drama is unfolding as the BRICS bloc seeks to destroy the US dollar and overthrow its reign as the world's reserve currency! Ah, but be careful - despite these huge efforts, the dollar remains the undisputed heavyweight in the foreign exchange market. About 58% of the world's reserves sit comfortably in the dollar, which could drive emerging economies into despair if ties to the green banknote are cut. It is interesting to note that the US sanctions against countries such as Russia and Iran gave the impetus for this “de-dollarization”. watcher.guru reports.

But stop! In a recent Bloomberg report, there is an unexpected twist: the biggest threat to the dollar is not the BRICS, but the US itself! The dollar's power does not depend on threats, as Trump suggested, but on America's reliability. If America were to impose sanctions or other unilateral measures, it could endanger the dollar more than all of the BRICS plans combined. An affront to your own currency? It remains to be seen how that will happen Article from watcher.guru revealed. An exciting business crime story in a globalized world – who would have thought!