BRICS: Does the US dollar soon go to your knees? Local currencies on the rise!

BRICS: Does the US dollar soon go to your knees? Local currencies on the rise!

The world of money is head, because the mighty Brics countries call up for dollar exit! Yes, you heard right! Inspired by China, Russia and Iran, development nations are now relying on their own currencies instead of the American greenback. This gives the dominance of the US dollar a lot of headwind! as Watcher.guru reports catapult. A real kick against the dollar that could pull the ground away from him globally!

But that's not just talk - it is traded! The central banks diversify their reserves like never before. Gold, different currencies, even new raw materials are now on the shopping list. According to Cedric Chehab from Fitch Solutions to CNBC, the external economic sectors could significantly relieve the external reserve. And then there is China, which turns the financial world upside down with growing economic power and accelerates the de-$birization trend. Ex-ambassador Marcos Caramuru knows: Act without the dollar could Brics secure a place at the higher end of the value chain and minimize risks!