BRICS’ De-Dollarization Aspiration: Why it Continues to Evade Reality
BRICS’ De-Dollarization Aspiration: Why it Continues to Evade Reality The BRICS nations – Brazil, Russia, India, China, and South Africa – have long expressed their desire to reduce their dependence on the U.S. dollar in international trade and financial transactions. This ambition, often referred to as de-dollarization, gained significant attention after the 2008 global financial…