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Greenback backlash: BRICS 'common currency' targets economic weaponisation of US dollar - Vimarsana News

Greenback backlash: BRICS 'common currency' targets economic weaponisation of US dollar

BRICS nations are leading the Greenback backlash against the global hegemony of the US dollar. A potential new shared currency between them, they say, could shield other member countries from the impact of sanctions such as the ones imposed against Russia by the United States and European countries. The foreign ministers of Brazil, Russia, India, China and South Africa met in Cape Town earlier this week. The shared currency for international trade among the bloc's nations was an issue that topped their agenda.