BRICS uprising: Does the end of the dollar dominance begin?

BRICS uprising: Does the end of the dollar dominance begin?

China, Russland, Iran - explosion in the financial world! The BRICS countries, the great economic alliances of China, Russia and Iran, are in line with an uprising against the US dollar! More and more developing and emerging countries are planning to banish the dollar from their trade transactions and instead rely on their own national currencies. The call for de-dollarization is getting louder, but the white house is empty! The chances are bad for the once dominant currency, which has to prevail against new, local competitors, such as watcher.guru reports .

The central banks of the BRICS countries diversify their reserves and turn away from the Greens. The dollar comes under pressure, because China and Co. rely on gold and other currencies. Cedric Chehab from Fitch Solutions makes it clear that this procedure could help developing countries to reduce the pressure on their foreign trade. The influence of China is growing unstoppable and with the economic strength also comes the political pressure to break the traditional dollar dictation.

shock waves for US companies! If the BRICs are doing their threat to avoid the dollar, entire sectors in the United States could be affected, because the green giant could stumble. The former great powers have to be careful, because the global economy moves into stormy waters - and the dollar could go overboard! An exciting turning point in international monetary policy that makes the global financial markets tremble.