BRICS Intra-bank System Shocked the World Bank: Is It the End of Dollar?
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- Опубліковано 29 вер 2024
- The BRICS nations (Brazil, Russia, India, China, and South Africa) are making bold moves to challenge the dominance of the US dollar in the global economy. They've launched initiatives like the BRICS intra-bank settlement system and are promoting the use of national currencies in trade. The BRICS are also creating alternative financial institutions, such as the New Development Bank, and are pushing for greater representation in global economic decision-making bodies.
These efforts aim to create a more balanced and equitable global economic order that better serves the interests of developing nations. While this transition may bring some uncertainty, particularly for Western countries, it has the potential to lead to greater economic stability, reduced inequality, and more effective solutions to global challenges in the long run.
The rise of the BRICS represents a significant shift in the world economy that could have far-reaching implications for people around the globe. From investment strategies to career opportunities, the increasing economic power of the BRICS is likely to reshape the global landscape in the coming years. As these emerging economies continue to grow and assert their influence, it will be crucial for individuals and nations alike to adapt to this new reality and seize the opportunities it presents.
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If Europian Union can have a common currency EURO, why not for BRICS ?
🎯
Brics is amazing....brics pay amazing
Yes. may be slowly end the dollar. ❓❓
The US economy will start flying very low but will not fall.
In the meantime, China, with the help of the BRICS+, will start flying high with great confidence and will thus take the lead in the world economy.
With this new economic revolution, new good economic times will come for everyone, especially for the BRICS+.
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we support new global Chinese Yuan Currency right and rise of China largest economic welcome to China Asia interest
Gold will be the currency for BRICS. Not single country China.
Keep up the good work. I love the money to be made from the declining US dollar.
ATM payment now our control it's true.
The dollar does not deserve to survive!
I want some BRICS. Currency just in. case it takes over then people in the u s will have some
LOVES TO ALLS NATIONS HUMANKINDS ON THIS UNIVERS❤ THERES WE GO 🎉🎉🎉🎉🎉🎉🎉🎉🎉 OFFICIAL❤ BRICS❤ BANKS❤ ANDS CURRENTLYS❤HAVES PASS OUTS ON THIS UNIVERS FOR EVERS ANDS EVERS ON THIS UNIVERS❤
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Harua d8hancurkan dollar...krn dollar itu kekuatan sejati Amerika, mereka.bebas.mencetak.dollar.sesuka hatinya tanpa ada efeknya....
DITCH THE GENO SIDE DOLLAR
I want to have the BRICS credit cards because I maxed out all my visa master cards back home in the US.
I don’t think there is a BRICS credit card available for the commons. It’s interbank only
Who knows brics military on the way i don’t know! Bye
In Malaysia, we have Sarawak Pay imposed in Sarawak.
All brics coutries should open public banks in ther countries. Bravo
It is time the world need multipolar world what nonsence since 80 years we see dollar as a currency why we need currency of one country when it is meddling in other countries and bossing over the world needs a change
Yes, they lost credibility with all it’s corrupt sanctions practices and will lose their absolute power to print infinite amounts of valueless US Treasury bonds as no country will buy them except The Federal Reserve 😂
BRICS is like the birth of a second child in the global community. The firstborn will be extremely jealous of the second born. It’s a normal response in human interaction. Eventually brotherly love will happen.
Thanks, you have covered all the points relevant in this regard. Old and antiquated western dominated institutions must be trerminated as their thiking will not change in short time. Inertia is always there. More strain and stress will continue and hinder the more balanced and rightious order emerging fast. If we were to eleminate global poverety and conserve the environment at the same time, west must give up their prosperity gained at the cost of the third world. This will undoubtly be forced upon them. USA consumes one third of the resources today. Why and how this can be sustained if wealth distribution is to be just and environment conserved at the same time?
Brics countries should encariage ther people tu vist brics countries. For holidays
Good move! Soon dollar domaince will collapse.
Dollarize still not happened. We want dollar no more .
Good initiative by brics ,God bless 😊
Brics👍👍👍👍👍👍
Most or all of the BRICS countries are in it for what advantages they can extract from Russia. They may in fact support the goals but all of these countries, perhaps excepting China, view everything in the short term. The believe that by standing in the middle they can extract concessions from both Russia and the US.
If Russia really wanted to shake things up, they would simply reset Roubles as a gold backed currency. Going it on their own while participating in the SWIFT replacement projects. The Central Bankers in Russia were mostly trained in the West and so have a blind spot when it comes to Gold. There also may be a feeling in the Russian state, that during a time of war they want to be able to depreciate their currency.