BRICS: South Africa Makes Huge Announcement on U.S. Dollar Supremacy
The BRICS alliance aims to pay in native currencies for global trade and end dependency on the U.S. dollar. The bloc of five nations will discuss using local currencies to strengthen their respective native economies. The Chinese Yuan and the Indian Rupee are being used for cross-border transactions, limiting the use of the U.S. dollar. Also Read: BRICS : De-Dollarization Begins With Oil & Gas South Africa’s BRICS Ambassador Announces U.S. Dollar Will Continue Being King Source: nationalinterest.org South Africa’s BRICS Ambassador, Anil Sooklal, made a huge announcement on the U.S. dollar’s global prospects. Sooklal confirmed that the BRICS alliance has no intentions of challenging the U.S. dollar. He explained that the BRICs will not discuss de-dollarization efforts at the upcoming summit in Johannesburg. Also Read: 8 Arab Countries Request To Join BRICS Alliance Sooklal stressed that the U.S. dollar will continue to be the world’s reserve curre...