BRICS: Expert Says Talk of US Dollar Demise is Overstated
Despite the BRICS bloc’s ongoing attempts to lessen Western reliance economically, one expert has said that the whispers of a US dollar demise are greatly overstated as the alliance’s impact has faltered. Indeed, the recent de-dollarization efforts have seemingly had far less impact than the group would have hoped. That does appear to be occurring alongside a shift for the bloc. Specifically, Russian President Vladimir Putin, who was the loudest proponent of ditching the greenback, has recently assured he would not continue trading outside of the currency. Moreover, he could be seeking a boost to US relations amid Donald Trump’s incoming return to the White House. Also Read: Donald Trump Unlikely to Stop BRICS Nations Trading in Local Currencies BRICS Expert Says US Dollar Demise is Further Away Than Alliance Thinks The BRICS bloc is currently caught in an interesting position. Over the last two years, the group has been firmly committed to de-dollarization. Indeed, it...