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BRICS currency: dream or illusion? Experts debunk fantasy!
Standard Chartered calls the BRICS currency a “fantasy” and believes the US dollar remains dominant.
BRICS currency: dream or illusion? Experts debunk fantasy!
Spectacular revelations from the financial world: The dream of a BRICS currency that could dethrone the dollar turns out to be a pure illusion! The whispers and whispers about a new currency that would stand up to the USA lasted for two years. But now the respected investment house Standard Chartered makes it clear: This currency is nothing more than fantasy. The US dollar remains the undisputed king of reserve currencies and confidently dominates the financial world with a whopping 58% of global reserves.
Eric Robertsen, chief strategist at Standard Chartered, fires sharply against the BRICS currency ideas. “A bit of a fantasy,” he calls the idea that the BRICS countries would abandon the dollar. The fake appearance of a BRICS currency, presented by the Russian president at the summit in Kazan, also turned out to be a clever production without substance. Russia and China may dream, but reality speaks a different language as watcher.guru reports. The dollar is and remains the undisputed ruler of the global trading stage!