https://www.reuters.com/markets/currencies/what-is-brics-currency-could-one-be-adopted-2023-08-23/ It had to happen at some point. With the EU trying to go back to a gold standard and power blocks like the BRICS trying to create a new currency, it is clear that countries don't want the dollar anymore as a standard. Dear Trump following his style is trying to bully them. https://www.politico.com/news/2024/11/30/trump-brics-tariff-trade-00192042 Another reason reason to remove the dollar from the picture as soon as possible.
??????? Maybe you are spending to much time on Tic Toc. There will always be articles proposing a return to the gold standard; yet it is an impossible absurdity in today's world. The U.S. didn't voluntarily close the gold window at the Treasury. It had no choice.
When China is a superpower, China will make sure there is no such thing as BRICS currency. China will make sure RMB is the World's default currency.
The USD taken over the pound sterling in 1946. Why pound sterling was the reserved currency? The British empire was the biggest at that time. After WW2, the US became the strongest. The only model the BRIC can follow is EU. As for the BRIC, other China and India, the rest are dirt poor nations. Not just poor but lousy debtors(wouldn't pay back debt). Reserve currency - Wikipedia
All that BRICS stuff is just a pipe-dream. It will take them years before they get anywhere close to critical mass.
It is not only happening as we speak. Egypt, Ethiopia, Iran and UAE have joined as well. https://think.ing.com/articles/de-dollarisation-more-brics-in-the-wall/ There is a reason why Trump has said such a reckless statement, the de-dollarisation of the global economy is a fact. It is already happening. https://finance.yahoo.com/news/china-ramps-dollarization-efforts-dumping-040610198.html All of these articles have happened already. They are not attempts, they are news.
Fact that it is "happening" is misleading, because it is not quantified. Its just a perception that some media is using to spin a little bit of hype. What is relevant is what percentage of international trade goes through BRICS currency? If all of 0.00001% of international trade goes through BRICS, yeah its "happening", but only inside media hype. Its good old "buy the rummor, sell the fact"
To some talking about "removing dollar": Has it occurred to you that the reason people all over the world are choosing dollars is faith in the United States' institutions? You don't really put your assets into e.g. allies of North Korea. Because there are no restraints for dictatorships to at any time do something that majorly tanks their currency because the top guy thought it was a good idea and nobody can stop him. Ironically, that faith might be about to be undermined starting in 2025.