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BRICS vs Dollar: Is the world heading towards a new currency era?
Analyst Disagrees BRICS: US Dollar Remains Dominant Despite De-Dollarization Efforts, Says Ashishkumar Chauhan.
BRICS vs Dollar: Is the world heading towards a new currency era?
Attention, dollar drama! The BRICS bloc is attacking the US dollar, wanting to topple it from the throne of the world reserve currency and strengthen local currencies. The question of power between East and West is boiling! How watcher.guru reports, the debate over the dollar is causing a stir in the financial world. Is the greenback threatened with extinction? As developing countries look to ditch the dollar, the USD has weakened since the start of the year, plummeting to 103.2 on the DXY index.
But things turn out differently! Ashishkumar Chauhan, boss of the National Stock Exchange, makes it clear: “BRICS has no chance against the dollar!” As he explains on a Singapore panel, the greenback remains strong. Since World War II, the world has been financially tied to the US dollar, and no other currency, be it the euro, pound or yuan, can stand up to it. Go home, BRICS! The dollar era is far from over!