BRICS nations explore creation of new currency unit to counter US Dollar dominance

The BRICS alliance, comprising Brazil, Russia, India, China, and South Africa, is reportedly exploring the development of an alternative currency. This initiative aims to reduce the bloc’s dependency on the US dollar and promote the use of local currencies in international trade. With an eye on the future, the alliance also encourages other developing nations […] source: https://www.cryptopolitan.com/brics-nations-explore-creation-of-new-currency-unit-to-counter-us-dollar-dominance/