• rivenb@lemmy.world
    link
    fedilink
    arrow-up
    9
    arrow-down
    1
    ·
    24 days ago

    I don’t think the BRICS are interested in giving up on the dollar. Two of those countries have some of the biggest dollar reserves there are outside of the US.

    I think they’re more interested in bilateral trades/payments using their own currencies.

    • xmunk@sh.itjust.works
      link
      fedilink
      arrow-up
      7
      arrow-down
      1
      ·
      23 days ago

      They absolutely are - the non-American aligned countries are afraid sanctions would prevent their ability to trade at all and want a better medium for exchanging goods. Everyone has seen the damage sanctions caused to Russia and are afraid of what might happen to themselves.