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Jagan raj

Stealth • 1m

BRICS nations exploring a move away from the dollar and a shared currency could reshape global power dynamics. How will India benefit economically, and does this signal the decline of U.S. dominance? comment your thoughts 💭

8 replies5 likes

Replies (8)

Anonymous 3

Stealth • 1m

The move could signal the rise of multipolar global finance, decreasing U.S. influence, but it may also lead to economic uncertainties and risks in transitioning to a new currency system

0 replies1 like

Vikas Acharya
•

Medial • 1m

brics currency is also opposed by the new American president trump , he said he will increase tax on exchange 💱

0 replies1 like

Havish Gupta

Stealth • 1m

Just don't think that China would let this happen. As they control most of the Ev supply chain and if I'm not wrong, all the payments are made in yen. thus China would like to promote yen rather than adopting to other currency

1 replies

Anonymous 2

Stealth • 1m

A shared BRICS currency could promote seamless trade within the bloc, offering India more opportunities to expand exports without currency conversion costs.but then ti wonder what angle China has about this because they sure will not be happy with everyone's success.

0 replies1 like

Anonymous 1

Stealth • 1m

If BRICS shifts away from the U.S. dollar, India can lower its foreign exchange risks and reduce reliance on a single currency, boosting trade stability. I am all for it.

1 replies1 like

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