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There's an active de-dollarization effort from BRICS. Unsure how effective it'll be with the LIO
by baetylus 2y ago
There's an active de-dollarization effort from BRICS. Unsure how effective it'll be with the LIO
- pas 2y agoHow active and serious that effort is? https://www.noahpinion.blog/p/brics-is-fake https://www.noahpinion.blog/p/brics-is-fake
- ethbr1 2y agoBrazil, India, and South Africa seem odd bedfellows with increasingly authoritarian China and Russia. I have no doubts they'll all increase trade together, including military hardware, but establishing a reserve currency requires trust and dependency. Those seem heavy loads for the ties of pragmatism and convenience that bind BRICS together.