Let's discuss the results of this expansion on the global economy and the possible position of the G-7 countries. And do you think that this is the beginning of the formation of a new world order,
It's going to be a game of hot potato between the BRICS countries because they'll be dropping each other's currencies to hold the U.S. Dollar.
especially since in the speech of Russian President Vladimir Putin, he had stressed the need to deal with a common currency among the countries of the group in addition to local currencies ?
But which of the BRICS countries want their currency to be THE "reserve currency"? They haven't identified one yet. Will it be the Chinese Yuan? I would doubt that China wants to be the BRICS reserve currency because they couldn't devalue it anymore to support manufacturing and exports.
It's also very laughable that China is using the "BRICS movement" as anti-U.S. propaganda but still holds about $3 trillion U.S. Dollars in its reserves.