• rivenb@lemmy.world
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    12 days ago

    I don’t think the BRICS are interested in giving up on the dollar. Two of those countries have some of the biggest dollar reserves there are outside of the US.

    I think they’re more interested in bilateral trades/payments using their own currencies.

    • xmunk@sh.itjust.works
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      11 days ago

      They absolutely are - the non-American aligned countries are afraid sanctions would prevent their ability to trade at all and want a better medium for exchanging goods. Everyone has seen the damage sanctions caused to Russia and are afraid of what might happen to themselves.