De-dollarisation: BRICS Nations Pave the Way for a New Global Reserve Currency

[{"selector":"#anim-ca0bf1fa-2907-4098-8821-ada38a689cbc [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(31.249999886225726%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-54321285-5185-4f6a-a137-c10c9b83205f","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-cfa8910b-1f39-4262-b0c3-35516209a974","keyframes":{"transform":["translate3d(0px, 779.19602%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] BRICS nations consider creating a new global reserve currency to challenge the US dollar's supremacy. Learn more

[{"selector":"#anim-9da4e9ac-6f47-4007-98f0-e0180541a049 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-31.249999886225726%, 0, 0) translate(-25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"fill":"forwards"}] [{"selector":"#anim-7bed79ec-71a7-47c6-be7a-26c2a8ccbaae","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-11ff08dc-0a04-49b2-861e-569546eff91e","keyframes":{"transform":["translate3d(0px, 808.98322%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] The US dollar became the world's principal reserve currency after World War II. Learn more

[{"selector":"#anim-1e3a5a2c-41d7-439a-a6de-8f682a261f2c [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(7.812499744007886%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-29af78db-11ef-43c3-8b56-436887bf3f0c","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-d5a65239-1a10-4add-bd06-326f6888741a","keyframes":{"transform":["translate3d(0px, 1038.88855%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Decoupling from gold in 1971 marked the dollar's transition to fiat money. Learn more

[{"selector":"#anim-daa703b1-c8b5-49fb-82fa-84f18bff2a6c [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-31.249999886225726%, 0, 0) translate(-25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"fill":"forwards"}] [{"selector":"#anim-27fddf03-0279-4e99-9812-8dc4e8d7bb7f","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-7807d354-e081-4f45-9f8a-cccdb6d3787e","keyframes":{"transform":["translate3d(0px, 779.19602%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] The petrodollar system secured US dollar primacy, but signs of de-dollarisation emerge. Learn more

[{"selector":"#anim-3b2ded7b-856a-46d4-9bc1-dee17dbc417d [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(8.747121374431368%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-906cdb18-5fbe-45d1-b188-969a492218f8","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-7c642f3b-6fd4-40d5-9639-4fa2c101b384","keyframes":{"transform":["translate3d(0px, 628.13227%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Saudi Arabia and Russia's military cooperation signals a shift in dollar dependence. Learn more

[{"selector":"#anim-f92389b6-a1ff-4c68-a808-96b861942994 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-7.808936911455235%, 0, 0) translate(-25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"fill":"forwards"}] [{"selector":"#anim-512810fd-a529-4fd5-b242-7770b00ab504","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-e08d5529-7f02-4654-9417-e0091226ca64","keyframes":{"transform":["translate3d(0px, 591.96206%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Saudi Arabia announces openness to trading in currencies other than the US dollar. Learn more

[{"selector":"#anim-7d02de16-0302-45d1-aac6-62eea5fc935c [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(32.42187489333662%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-28cc1176-746c-4afa-a782-9455c82c32f4","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-9bddda27-2856-493a-867c-4bc76eaa54dc","keyframes":{"transform":["translate3d(0px, 553.66421%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] BRICS nations discuss creating an "international reserve currency" backed by gold. Learn more

[{"selector":"#anim-e868dab5-4840-40ae-9c32-df4f5a81973f [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-7.812499744007886%, 0, 0) translate(-25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"fill":"forwards"}] [{"selector":"#anim-353c6848-c5fe-4ae5-862e-b0bee47f0d54","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-78b88098-d97b-45d9-b24a-9672ab875b36","keyframes":{"transform":["translate3d(0px, 704.72796%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Central banks stockpile gold reserves, preparing for the new currency's introduction. Learn more

[{"selector":"#anim-8e1ec6e1-12e7-4829-be10-c0df7d1736d0 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(0.003959151804944875%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-1b0abbe1-8418-45c4-ad3d-d2b94cc3d9b3","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-59865da6-64aa-4b64-ae22-2fa480923c4c","keyframes":{"transform":["translate3d(0px, 719.62163%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] As BRICS nations account for a substantial share of global GDP, the US's hegemony faces challenges. Learn more

[{"selector":"#anim-489d31c9-a452-4bba-ad96-be24d4b08796 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(48.35970543822446%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-a464d69e-c138-4205-9c81-a6bbeeed51bc","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-67fbda74-63c5-4da6-8b20-c2af9d9aec85","keyframes":{"transform":["translate3d(0px, 696.21732%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] The trend of de-dollarisation may lead to a shift in the world order, with the rise of BRICS' influence. Learn more