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BRICS attacks: New currency threatens US dollar dominance!
BRICS challenges the dominance of the US dollar: new currency introduced and 13 countries join. A paradigm shift is imminent.
BRICS attacks: New currency threatens US dollar dominance!
BRICS enters the ring and sets its sights directly on the US dollar! The message is clear: the dollar could soon lose its dominant position as the world reserve currency. At the 16th summit in Kazan, the alliance of Russia, India, China, South Africa and Brazil challenged the US and suggested that the West's global financial power might not last forever.
The first blow came with the presentation of a draft of a new BRICS currency, the “BRICS Bill”. Unveiled in Kazan, this development signals a key shift in the global financial system. BRICS wants to shift the balance of power from West to East and is putting enormous pressure on the US dollar: perform or perish, because the financial world is facing an epochal change, as watcher.guru reports.
The second blow came quickly when the alliance accepted 13 new nations as partner countries. Although these are not full members, they will work closely with BRICS, increasing the alliance's influence. Goal of the strategy: More countries use the new currency and the US dollar is bypassed. The days of hiding are over: the BRICS currency officially competes against the US dollar, and the battle for global supremacy has begun!