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BRICS Foresees Decline in US Dollar Dominance, Eyes Gold and Diversification

BRICS Foresees Decline in US Dollar Dominance, Eyes Gold and Diversification

Author:

Global Cryptocurrency

Published:

2025-12-13 14:15:01

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BTCCSquare news:

Central bankers from BRICS nations—Brazil, Russia, India, China, and South Africa—project a significant reduction in the US dollar's share of global reserves by 2030. A survey reveals 73% anticipate this shift, with 43% planning to increase Gold holdings as part of a broader strategy to diversify away from dollar dependency.

The MOVE reflects growing concerns over US fiscal stability, as the nation's debt surpasses $38 trillion. Emerging economies seek to insulate themselves from potential fallout, though BRICS has yet to introduce a unified currency alternative.

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