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Russian Foreign Minister Sergey Lavrov has confirmed the growing trend of dedollarisation within the BRICS bloc, highlighting an increasing shift toward national An op-ed published on Business Insider by writer Huileng Tan delves into efforts led by the BRICS group in advocating for a move away from US dollar dominance. Last BRICS states’ de-dollarization efforts are unlikely to beat the greenback’s continuing preference globally. US Reportedly Monitoring BRICS Digital Currency Focus Throughout the last year, the BRICS economic alliance has firmly embraced de-dollarization efforts. The decision came primarily as Washington (ANN)- Amid the ongoing BRICS development for the alliance during a US Election year, the Wester is monitoring the BRICS digital currency push amid its

US Monitoring BRICS Digital Currency Push Amid Dollar Decline

The world is watching closely as the BRICS economic alliance, comprising Brazil, Russia, India, China, and South Africa, intensifies its de-dollarization efforts. Amid a backdrop of a potential dollar decline and ongoing geopolitical shifts, the United States is reportedly monitoring the BRICS digital currency focus. Throughout the last year, de-dollarization has become a central theme within the bloc, particularly as Washington faces increased scrutiny on the global stage. This is especially relevant during a US Election year.

Russian Foreign Minister Sergey Lavrov has confirmed the growing trend of dedollarisation within the BRICS bloc, highlighting an increasing shift toward national currencies for trade and financial transactions. This move seeks to reduce reliance on the US dollar and create greater economic autonomy for member states.

An op-ed published on Business Insider by writer Huileng Tan delves into efforts led by the BRICS group in advocating for a move away from US dollar dominance. The article explores the motivations and potential implications of this strategy for the global financial landscape.

However, despite the concerted efforts, some experts suggest that Last BRICS states’ de-dollarization efforts are unlikely to beat the greenback’s continuing preference globally. The US dollar's established infrastructure and widespread use in international trade present significant challenges to any alternative currency system.

The (ANN)- Amid the ongoing BRICS development for the alliance, the West is monitoring the BRICS digital currency push amid its potential impact on the dollar's reserve currency status. The development of a BRICS digital currency is seen by some as a way to further circumvent the US dollar and create a more multipolar financial system. Whether this initiative will ultimately succeed in challenging the dollar's dominance remains to be seen, but the US will continue to monitor its progress and the wider de-dollarization movement closely.

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