BRICS: IMF Confirms US Dollar Is in Jeopardy
The International Monetary Fund ( IMF ) commonly called the World Bank, confirmed that the US dollar is in jeopardy against BRICS nations and other local currencies. The IMF took into consideration the de-dollarization agenda initiated by BRICS to uproot the US dollar from the world’s reserve currency status. The threat from BRICS and other local currencies against the US dollar is real and should be taken seriously, acknowledged IMF. Read here to know how many sectors in the US will be affected if BRICS ditches the dollar for trade. Also Read: BRICS : Rift Between Old & New Members Grow US Dollar: IMF Acknowledges Threats From BRICS & Local Currencies Source: stock.adobe.com The Deputy Managing Director of IMF Gita Gopinath acknowledged in her paper titled, ‘Impact of Geopolitics on International Trade and the Dollar’ stating that BRICS is creating a shift in global economic policies. The IMF ...