Chinese President Xi Jinping and Russian President Vladimir Putin.
Chinese President Xi Jinping and Russian President Vladimir Putin.Reuters

Behind BRICS's Plan to Replace the Dollar

Although the dollar is undefeated so far, this may be its greatest challenge yet.
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The BRICS economic bloc's initiative to establish an alternative trading currency represents a bold challenge to the international monetary system. While previous attempts to displace dollar hegemony have fallen short, the combined economic weight of Brazil, Russia, India, China, and South Africa demands serious consideration of this proposal's implications for global finance.

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