Following the expansion announcement at its 2023 annual summit, all eyes have been set on who could eventually join the BRICS collective. Subsequently, with its global cooperations growing by the day, that list has started to take shape. Amid recent discussions with Russia, could Cuba be set to join & accept BRICS currency in 2024?
Indeed, those expansionary theories have coincided with the BRICS development of its local currencies. Although its embrace of de-dollarization and promotion of local currencies has been integrated, its work on its native assets continues. For the nations seeking to join the alliance within this calendar year, the development of that currency could play a crucial role. READ MORE...
As the BRICS nations have made their opinion on the currency known, more countries are moving away from the US dollar as a reserve currency. Moreover, the collective has recently expressed its desire to diminish the prevalence of the greenback within international trade.
Now, various figures are speaking out on both sides of the development. Specifically, Donald Trump took to his social media platform, Truth Social, to comment on the matter. Stating that the potential unseating of the US dollar’s dominance would be the “biggest defeat for our country in its history.”
As the BRICS nations have made their opinion on the currency known, more countries are moving away from the US dollar as a reserve currency. Moreover, the collective has recently expressed its desire to diminish the prevalence of the greenback within international trade.
Now, various figures are speaking out on both sides of the development. Specifically, Donald Trump took to his social media platform, Truth Social, to comment on the matter. Stating that the potential unseating of the US dollar’s dominance would be the “biggest defeat for our country in its history.”
Now, amidst these actions from the BRICS nations, more countries are moving away from the US dollar as a reserve currency. Importantly, the American currency is threatened by the rising prominence of China as an economic juggernaut. READ MORE...
