BRICS Alliance Seeks to End U.S. Dollar Dominance Through New Currency and Expanding Bloc
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BRICS alliance is finding multiple ways to end U.S. dollar supremacy, including expanding the bloc and creating a new currency.
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Long-term goal is to dethrone the dollar as the world's reserve currency.
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Could convince oil producers to accept local currencies instead of dollars for oil and gas trade.
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Aim to get more developing nations to use local currencies instead of dollars for transactions.
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Rapidly growing BRICS GDP could put the bloc in the driver's seat of the global financial sector.