BRICS Alliance Challenges US Dollar Dominance and Hosts Putin in South Africa.
BRICS nations are considering a shared currency for international trade to shield member countries from the impact of sanctions imposed by the US and European countries. The New Development Bank, created by BRICS nations, is reportedly considering proposals for the shared currency. A backlash is brewing against the hegemony of the US dollar, with countries seeking to bypass it in trade deals. The US dollar is being weaponised to push America’s foreign-policy priorities and punish those that oppose them, according to experts.