The U.S. dollar is used by nations for international transactions because it is a stable currency that is easily convertible all over the globe and because resources like oil are priced in dollars. However, will the US dollar be replaced with BRICS currencies in the near future?
To compete with the US currency, BRICS members demand cross-border payments in BRICS currencies.
On June 23, a summit was conducted by the BRICS, an acronym for Brazil, Russia, India, China, and South Africa. ...
