BRICS Group Aims to Challenge Dollar Dominance: A New Financial Order on the Horizon?

Bitcoin was born as an alternative to the existing financial system, and today it has evolved into something entirely different. Change has always been inevitable throughout history. New systems, different forms of governance, and much more. One of the heated debates these days is the dominance of the dollar worldwide. Attempts are being made to create an alternative, led by the Eastern Bloc. Statements from the Treasury Secretary South Africa has extended its invitation for the upcoming BRICS meeting next month. Notably, it has invited all African countries outside the group. The BRICS, composed of Brazil, Russia, India, China, and South Africa, aim to create an alternative to Western dominance in the existing financial system. Their primary and largest goal is to eliminate the risk of dollarization. Countries are already facing tough times due to global developments, rising food prices, and energy costs. On top of that, the strengthening of […] The post BRICS Group Aims to Challenge Dollar Dominance: A New Financial Order on the Horizon? appeared first on COINTURK NEWS.