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Russia wants to overthrow the dollar: secret BRICS currency in the starting blocks!
Russia explains BRICS currency launch: Conditions and challenges in race to challenge dollar.
Russia wants to overthrow the dollar: secret BRICS currency in the starting blocks!
Russia and its BRICS partners are planning a currency sensation: a new common currency will challenge the US dollar for its throne! At a summit in Kazan, President Vladimir Putin unveiled a dummy currency and made it clear that it could become reality. Diligent work is being done behind closed doors on this revolutionary currency development, but the details are currently top secret.
Russian Foreign Minister Sergei Lavrov gave exciting insights in an interview with the Brazilian newspaper O Globo. The BRICS group will introduce the common currency as soon as all economic conditions are met, Lavrov said. But he warned that it is currently too early to talk about switching to this super currency. The dollar is losing trust not only among BRICS but also among other developing countries, he emphasized. They could willingly adopt the new currency as soon as it becomes available. US policies are responsible for de-dollarization and growing distrust of Western financial institutions, Lavrov says. as watcher.guru reports.
It's the next round in the currency game, and Russia, China and Iran are pulling together to shake the US dollar's dominance. The coming decade could be a turning point as many nations consider cutting the dollar leash. The dollar is at a historic crossroads, and its days as the undisputed world reserve may be numbered.