BRICS: Expert Says US Dollar is Nearing The 'End of the Line'
With the BRICS bloc increasing its opposition to Western hegemony, one expert has noted that the US dollar is likely nearing the ‘End of the line.’ Indeed, the currency has faced a growing de-dollarization movement on a global scale. With an economic crisis burgeoning in the country, it could spell a perfect storm for the greenback struggle. The BRICS group has firmly embraced a position against the dollar in its policies. That has led the way to increased local currency promotion that carries it ever closer toward a multipolar world. With the 2024 annual summit nearing, there could be even greater de-dollarization developments. That is especially true with the BRICS Pay system nearing an official launch. Also Read: BRICS: US Dollar Reserves Fall Below 60% For the First Time Since 1995 BRICS Could Capitalize on a Dollar Nearing the ‘End of the Line’ The BRICS bloc has enjoyed unprecedented growth over the last year. Not only has it expanded membership to nine nat...