Quote from: Ruttoshi on July 10, 2025, 08:07:34 PM

I believe that many more countries will join BRICS in future and that will weaken the US dollar and power in the world.

It’s happening already, mate. The dominance of the USD has been at a significant low in recent years, especially in its role as the global foreign exchange reserve currency. According to the IMF, the share of the USD in global foreign exchange reserves has fallen from 71% in 1999 to 58.4% in 2023 and continues to decline faster due to Trump's tariff war as well as the US' growing public debt. It can be said that the world's confidence in the USD is more shaky than ever.

I believe that in less than a decade, the dominance of the US dollar will decline not only in global reserves. Its role in international trade will also soon decrease as countries like BRICS gradually switch to their own currencies or bitcoin.