#brics
BRICS says it’s in the final stages of completing its de-dollarization program.
At a meeting Tuesday in Russia, BRICS announced that it is in the final stages of its de-dollarization mission. According to BRICS representatives at the meeting, their new payment system was confirmed, and it will become a competitor for the current global reserve US dollar.
Economic ministers of leading BRICS member countries have announced that they are in the final stages of completing complete de-dollarization. The bloc’s goal is for its multipolar international monetary system to mark the end of the US dollar as the sole global reserve currency. A new payment system has been rumored and discussed for a significant time, but now the BRICS alliance has officially confirmed its development and first target: the US Dollar.
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