BRICS: A total of 21 countries from BRICS and ASEAN have officially agreed to ditch the US dollar for global trade in 2023 alone.
  • zephyreks@programming.dev
    22·
    9 months ago

    They’re ditching the USD’s role as the global reserve currency. Any reduction in reliance on the USD directly impacts the USD’s role as a reserve currency.

    You don’t have to go “I’m never touching the USD again” to ditch it in it’s key use case.