Least Dirty

Enlarged BRICS faces uphill battle to dethrone dollar as trading currency

By David Whitehouse

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Posted on August 30, 2023 04:00

 © REUTERS/Amr Abdallah Dalsh
REUTERS/Amr Abdallah Dalsh

BRICS countries have struggled to reduce their reliance on the dollar and the alternatives remain limited.

The expansion of BRICS to include new members including Egypt and Ethiopia is unlikely to shift the US dollar from its leading role in international trade, experts say.

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