For years, the BRICS alliance has been touted as a rising force capable of challenging the US dollar’s global dominance. But now, the coalition is revealing its deepest flaw: a lack of unity. Recent developments show that the nine-member bloc is far from aligned on de-dollarization, with key players pulling in opposite directions. While some nations are aggressively pushing to abandon the dollar, others are signaling their outright refusal to go along with the plan. India and Brazil: Defenders of the Dollar? India has made its stance crystal clear—it has “absolutely no interest” in ditching the dollar. Indian Foreign Minister S. Jaishankar recently confirmed that the country has never had an issue with using the greenback and sees no reason…

Continue reading as a Citizen

Dedollarize News is free to read for signed-up members. Become a Citizen to finish this article, save what matters, and get the daily “While You Were Distracted” briefing.

No credit card required.