BRICS Currency to End Dollar Dominance, After Asian Currency & Africa Currency Was Unsuccessful
At the 16th BRICS summit in Kazan, Russia unveiled a symbolic BRICS banknote , stirring debate over ending the US dollar's dominance. Russian President Vladimir Putin emphasized that the dollar is being used as a 'weapon,' but BRICS isn't rejecting the currency entirely, instead preparing alternatives for restricted access. India took center stage at the summit, advocating for local currency settlements among BRICS nations. The unveiling of the BRICS currency bill, featuring the Taj Mahal, is a way the BRICS bloc is trying to challenge the US dollar's global financial power. The banknote, which features the flags of Brazil, Russia, India, China, and South Africa, symbolizes the collective ambitions of these nations to explore alternatives to the US dollar in cross-border transactions. This development highlights the growing effort within BRICS to establish a more independent economic system that is less reliant on Western financial structures. Putin’s Stance o