Post
Topic
Board Economics
Re: Ditching US dollar
by
btc78
on 02/01/2024, 07:09:49 UTC
what do you think this movement will help both countries? will It has any bad impact on US dollar?



The countries included in BRICS (Brazil, Russia, India, China, and South Africa) are trying to gain independence from the US dollar which is the reserve currency the US dollar being the reserve currency benefits the USA a lot greater than we think because they are the reserve currency of course they have lower exchange rate and additionally they also have a really strong purchasing power

De-dollarization has been going on for a few years back and with greater progress this will definitely hit USA’s economy however this de-dollarization is happening very slowly so right now there is still no concrete effect that we can see in the USA