Can Trump’s tariff threats save US dollar hegemony?
The US president-elect’s reckless rhetoric could undermine his stated objectives
Add BT as a preferred source
IN 2023, the leaders of Brazil and the other Brics countries at the time – China, India, Russia, and South Africa – discussed collaboration on a new shared currency.
Brazilian President Luiz Inacio Lula da Silva has been a vocal proponent of an alternative to the US dollar, the dominant global currency for the past 75 years, and Russian President Vladimir Putin publicly promoted the idea during the Brics summit in October by brandishing a symbolic Brics banknote.
The bloc’s new members – Egypt, Ethiopia, Iran, and the United Arab Emirates – would presumably also be included in the new joint currency.
TRENDING NOW
Indonesian court upholds earlier dismissal of 2.28 trillion rupiah claim on Keppel unit’s land
Wilmar, Musim Mas among palm-oil firms in Indonesia under probe for suspected export under-invoicing
Xi Jinping has just rewritten the rules of US-China rivalry
China traders rush for exit after cross-border flow crackdown
