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Veteran Investor Predicts US Global Status Could Decline With BRICS' Success - Vimarsana News

Veteran Investor Predicts US Global Status Could Decline With BRICS' Success

Jon Wolfenbarger, however, underlined that BRICS still has a long way to go and has to jump several hurdles if it is seriously considering taking on the US dollar by issuing a new currency.

US Dollar's Dominance Not Under Threat; BRICS Currencies, Crypto Are Not Alternatives: Bank Of America - Vimarsana News

US Dollar's Dominance Not Under Threat; BRICS Currencies, Crypto Are Not Alternatives: Bank Of America

The global dominance of the U.S. dollar has been a central issue over the past weeks after BRICS floated the idea of using a new currency in conducting trade with its member countries.