Brics Expands & Officially Abandons US Dollar

Brics Expands & Officially Abandons US Dollar

Just prior to the recent Brics meeting, South Africa’s Brics Sherpa announced the de-dollarization and competition would not be discussed at the event. A couple of days later new interviews emerge announcing Brics is inviting Saudi Arabia, Iran, Ethiopia, Egypt, Argentina and the United Arab Emirates to join. This changes the current world order. An additional article announced that Brics does indeed intend to abandon the dollar for trade settlements. This will have an impact on the strength and value of the dollar and will impact the US economy.

US Dollar to Remain Major Global Currency, South Africa’s BRICS Sherpa Says
https://news.bitcoin.com/us-dollar-to-remain-major-global-currency-south-africas-brics-sherpa-says/

BRICS to Officially Abandon US Dollar
https://watcher.guru/news/brics-to-officially-abandon-us-dollar#google_vignette

BRICS welcomes new members in push to reshuffle world order
https://www.reuters.com/world/brics-poised-invite-new-members-join-bloc-sources-2023-08-24/?utm_source=facebook&utm_medium=news_tab

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