Time flies with great content! Renew in to keep enjoying all our premium content.
Prime
State’s role in shaping global finance
(From Left) President of Brazil Luiz Inacio Lula da Silva, President of China Xi Jinping and South African President Cyril Ramaphosa gesture during the 2023 BRICS Summit at the Sandton Convention Centre in Johannesburg on August 23, 2023. PHOTO | GIANLUIGI GUERCIA | AFP
As the BRICS conference got underway in South Africa last week, numerous nations held hopeful expectations that the emergence of an alternative currency for international trade could potentially diminish the dollar’s dominance.
This follows escalating geopolitical tensions, economic sanctions, and political disputes with the United States that have prompted countries to explore alternatives to the dollar, seeking to mitigate their vulnerability to the US influence.
