BRICS: U.S. Dollar Ranks Last in the Top 10 Currency List
BRICS and a handful of developing countries are looking to dethrone the U.S. dollar from the global reserve currency status. The attempts to bring the U.S. dollar down picked up pace after BRICS started the de-dollarization initiative. BRICS members China and Russia spearheaded the initiative and are convincing other developing nations to ditch the U.S. dollar. Read here to know how many sectors in the U.S. will be affected if BRICS stops using the dollar for trade.
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