Russia officially announced a much-awaited BRICS currency, backed by blockchain technology, which is used for cryptocurrency, further accelerating the de-dollarization process. Let's find out answers to some of the questions related to the BRICS currency and the US dollar.
Why is BRICS launching its own currency? Why are the countries moving away from the dollar? Why is BRICS speeding up the de-dollarization? Are the reasons behind the de-dollarization real?
What are the ramifications of de-dollarization? What happens if the demand for dollars drops? What happens if BRICS nations and other countries decide, they don’t want to hold dollars anymore?
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Narrated and produced by Mohit

#brics #russia #bricscurrency